Thunder Corporation\'s balance sheet and income statement appear below. The comp

Question

Thunder Corporation's balance sheet and income statement appear below. The company did not dispose of any property, plant, and equipment. issue any bonds payable. or repurchase any of its own common stock during the year The company declared and dividend of $24. prepare a statement of cash flows in good form Show your work! Construct operating activities section for the year using indirect Method Construct investing activities section for the year Construct financing activities section for the year

Explanation / Answer

Net Income $ 126.00 Adjustments for reconciling net income to operating cash flow Depreciation (206-172) $    34.00 Decrease in accounts receivable (65-60) $       5.00 Decrease in inventory (42-41) $       1.00 Decrease in accounts payable (43-45) $     -2.00 Net Cash provided by operating activities $ 164.00 Investing Activities Purchase of assets (380-454) $   -74.00 Net cash used in investing activities $   -74.00 Financing Activities Repayment of bond (190-260) $   -70.00 Issue of common stock $       1.00 payment of dividend $   -24.00 Net cash used in Financing Activities $   -93.00 Net decrease in cash $     -3.00 Add: beginning balance $    31.00 Ending balance $    28.00

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