Need help answering the questions in the first pictures. The other two are hopef

Question

Need help answering the questions in the first pictures. The other two are hopefully the correct answer to help answer the first picture questions.

Required information Req C1 Req C2 Req C3 Req C4 Prepare a statement of cash flows. (Enter cash outflows as negative amour REDD COMPANY Statement of Cash Flows For the Year Ended December 31, Year 2 Cash flows from operating activities Inflow from customers Outflow for expenses Outflow for inventory 0 Net cash flow from operating activities Cash flows from investing activities Cash flows from financing activities Net change in cash Plus: Beginning cash balance Ending cash balance 0 0 Req C3

Explanation / Answer

REDD COMPANY STATEMENT OF CASH FLOWS FOR THE YEAR ENDED DECEMBER 31, YEAR 2 Cash flows from operating activities Inflow from customers 9700*98% 9506 Outflow for expenses 570+670 ($1,240) Outflow for inventory (6200-300)*98% + $ 870 ($6,652) Net cash flow from operating activities 1614 Cash flows from investing activities 0 Cash flows from financing activities 0 Net Change in Cash 1614 Plus : Beginning cash balance $8,700 Ending Cash balance $10,314

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