ment cucuLATOR PRINTER VERSION-BACK Exercise 1-12 Your answer is partially corre

Question

ment cucuLATOR PRINTER VERSION-BACK Exercise 1-12 Your answer is partially correct. Try again. This information is for Metlock, Inc. for the year ended December 31, 2017. Cash received from lenders Cash received from customers Cash paid for new equipment Cash dividends paid Cash paid to suppliens Cash balance 1/1/17 $21,800 45,200 28,800 7,500 15,800 12,000 Prepare the 2017 statement of cash flows for Metlock, Inc.. (List negative amounts elther wth a negative sign preceding the number o.g.-15,000 or in parentheses e.g. (15,000).) Metlock, Inc. Statement of Cash Flows For the Year Ended December 31, 2017 Cash flows from operating activities Cash received from customers 45,200 Cash pald to suppliers 15,800 Version 4.24.9 y Policy 1 2000-2018 2ohn Wiley & Sons.Ins. All Rights Reserved. A Division of John Wisy A Sons.In

Explanation / Answer

Metlock, Inc.

Statement of Cash flows

For the year ended December 31, 2017

Cash flows from Operating Activities

Cash received from customers

45,200

Cash paid to suppliers

(15,800)

      Net cash provided by operating activities

29,400

Cash flows from Investing Activities

Cash paid for new equipment

(28,800)

Net cash used in investing activities               

(28,800)

Cash flows from Financing Activities

Cash received from lenders

21,800

Cash dividends paid

(7,500)

Net cash from financing activities               

14,300

Net increase (decrease) in cash                                         

14,900

Cash balance at prior year end                                       

12,000

Cash balance at current year end                                                   

26,900

Metlock, Inc.

Statement of Cash flows

For the year ended December 31, 2017

Cash flows from Operating Activities

Cash received from customers

45,200

Cash paid to suppliers

(15,800)

      Net cash provided by operating activities

29,400

Cash flows from Investing Activities

Cash paid for new equipment

(28,800)

Net cash used in investing activities               

(28,800)

Cash flows from Financing Activities

Cash received from lenders

21,800

Cash dividends paid

(7,500)

Net cash from financing activities               

14,300

Net increase (decrease) in cash                                         

14,900

Cash balance at prior year end                                       

12,000

Cash balance at current year end                                                   

26,900

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