he20t 4 comparab e balance sheet vd income st nt of bookN.lokal Supplybe, brockm

Question

he20t 4 comparab e balance sheet vd income st nt of bookN.lokal Supplybe, brockman Medical Supply, Inc, had so noncash investing and financing transactions during 201a payable, no netroment of slock, and no treasury slock transactions L Prepare the 2014 statement of cash tows, formating operating actvitlies by the indirect method 2 Mow ll whlt you learned in this problem help you evailatle an inestment in Brookman Medical Supply, Inc? Net cash provided by used or) operating acvies Cash fiows from investing astivities

Explanation / Answer

1.Statement of Cash flows:

$ Net Income 70300 + Income tax expense 29400 Profit before tax 99700 + Depreciation 4700 - Interest Income -8300 + Interest Expense 11100 107200 + Decrease in accounts receivable 1100 - Increase in inventory -1500 - Decrease in accounts payable -5100 + Increase in accrued liabilities 1800 Cash flow before tax 103500 - Tax expense -29400 Cash flow from operations A 74100 Purchase of Land -29700 Purchase of equipment(49800+4700-53000) -1500 Interest Income 8300 Cash flow from investing activities B -22900 Repayment of Notes Payable -25000 Issue of Share capital 23700 Cash Profit earned [70300+2300-41400] 31200 Payment of Interest -11100 Cash flow from financing activities C 18800

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