25. Using the information in the chart below, compute the cash provided or (used

Question

25. Using the information in the chart below, compute the cash provided or (used) in operations for the Statement of Cash Flow only for YEAR 2 Line Items Year 1 Year 2 $ 274,718 $279,452 $ 600,000 1 Net Income 2 Accounts Receivable 3 Inventory 4 Accounts Payable 5 Deprecition $209,589 $550,000 184,932 481,250 S 40,000 45,000 Line Statement of Cash Flows Year 2 1 Net Income 2 Depreciation (Changes in Op. Accounts; increase (decrease)) 3 Acounts receivable 4 Inventory 5 Accounts payable 6 Cash Flow provided (used) in operations

Explanation / Answer

Computation of the cash provided or (used) in Operations for the Statement of Cash flow (Year 2) Line Statement of Cash flows Year 2 1 Net Income $274,218.00 2 Depreciation $45,000.00 Changes in operating accounts : Increase / (decrease) 3 Accounts receivables -$320,548.00 4 Inventory -$340,411.00 5 Accounts Payable $296,318.00 6 Cash flow provided (used) in Operations -$45,423.00

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