Fill out the statement of Cash Flows O 70% D Fri Apr 27 5:39 PM Mitch Hammack &

Question

Fill out the statement of Cash Flows

O 70% D Fri Apr 27 5:39 PM Mitch Hammack & E • . . Firefox File Edit View History Bookmarks Tools Window Help . McGraw-Hill Connect X Class 28 Chapter 11 Statement of X + ? CA ezto.mheducation.com/hm.tpx?_=0.6985626098253348 1524868772083 70% . Q Search IR DE The income statement balance sheets, and additional Information for Great Adventures, Inc, are provided below GREAT ADVENTURES, INC. Income Statement For the Yorded December 31, 2000 Revonuos: Service revenue (cinio, rading, TEAM) Sales revenue IMU watches 130000 $45.000 F?????? Cost of goods sold (watches) Cosmetino DSOGOR Dicmon Berenga Net Income CREAT ADVENTURES, INC. December 31, 2020 and 2019 Increase ( Decreto (D) 2000 2010 S 313784 $144,000 $ 189.784 13 000 Accounts receivable 17.900 11,800 Long-term : 600.000 71.000 Equipment Accumulated depreciation 71.000 12.750 56 $1,47 234 $255,450 Liables and stockholders Equity Current bles Precure parts $ 1280 9800 33000 41,000 565,284 Stockholders' Equit 31,000 20,000 19.600 (O 522 284 (O 100 000 1,105 000 h 42 200 cm ( BO) 1.105 000 151,040 Retained eaminge Trecary Mick 80 uga) Totable and tono dera quity $1,987.834 $255,450 69 27 0 9 9 A 6 A sling w NI B F SOSP9x] BEN

Explanation / Answer

Cash flow indirect method Cash flow from operating activities Net income 157200 Adjustments to reconcile the net income Depreciation expense 56000 Gain on sale of equipment Changes in current asset and liabilities Increase in accounts receivable -13000 Increase in Inventory -3300 Increase in other current asset -2300 Increase in accounts payable 3300 Decrease in income tax payable 19600 60300 Cash flow from operating activities 217500 Cash flow from Investing activities Land purchased -1000000 Building purchased -600000 Cash flow from Investing activities -1600000 Cash flow from Financing activities Bonds payable 522284 Common stock 100000 Additional paid in capital 1105000 Dividend paid -115000 Treasury stock -60000 Cash flow from Financing activities 1552284 Net Cash and cash equivalent 169784 Add Beginning cash and cash equivalent 144000 Ending cash and cash equivalent 313784

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