Given the following information and questions - which are long - please at least

Question

Given the following information and questions - which are long - please at least provide some computation hints per question (if you don't have the time to compute) - thanks!

Prepare a statement of cash flows with brackets around amounts representing cash outflows (direct method of reporting cashflows from op activities. Collections from customers; cash paid to suppliers and employees and proceeds from sales of plant assets can be combined repectively; but not all items listed will be used to prep statement of cash flows: Cash Sales 825,000; Credit Sales 2,5000,000, Collections on accounts receivable 2,200,000, Cash transferred (from money market fund to general bank account 250,000; interest/dividends received 100,000; purchases on account 1,800,000; payments on account payable to merch suppliers 1,500,000; Cash payments for op expenses 1,050,000; interest paid 180,000; income taxes paid 95,000; loans made to borrowers 500,000; collections on loans (excluding receipts of interest 260,000; cash paid to acquire plant assets 3,100,000; book value of plant assets sold 660,000; loss on sales of plant assets 80,000; proceeds from issuing bonds payable 2,500,000; dividends paid 120,000; cash and cash equivalients jan1: 512,000 (payments and proceeds relating to investing transactions were made in cash - exceptions: marketable securities not cash; all notes receivable relate to cash loans made to borrowers, not to receivables from customers; purchases of new equipment during the year (196,000) were financed by paying 60,000 in cash and issuing a long-term note payable for 136,000; Debits to accumulated depreciation accounts are made whenever depreciable plant assets are retired. The book value of plant assets retired during the year as 45,000 (120K-75K); Prepare investing activitites section of statement of cash flows; show supporting computations for the amounts of: proceeds from sales of maretable securities and proceeds from sales of plant assets. Place brackets around numbers representing cash outflows. Prepare the supporting schedule that should accompany the statement of cash flows in order to disclose noncash aspects of the company's investing/financing activities; Expect same ratios of investing activity amounts for the next year; //  

Explanation / Answer

Cash Flow from Operating Activities Cash Sales 825000 Collections on Accounts Receivable 2200000 Payment on Accounts Payable -1500000 Payment for Expenses -1050000 Cash Flow from Investing Activities Interest Paid -180000 Loan given -500000 Cash Flow from Financing Activities Dividend Received 100000

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