Assume the following items were reported in a company's statement or cash flows:
Item
Amount
Beginning cash and cash equivalents
$ 120,000
Additions to plant and equipment
$ (174,000)
Depreciation
$ 38,000
Cash dividends
$ (24,000)
Additions to long-term investments
$ (64,000)
Decrease in inventory
$ 25,000
Increase in accrued liabilities
$ 9,000
Issuance of common stock
$ 30,400
Item
Amount
Gain on sale of equipment
$ (10,200)
Increase in accounts receivable
$ (11,800)
Increase in accounts payable
$ 5,600
Proceeds from sale of equipment
$ 72,000
Issuance of bonds payable
$ 81,000
Decrease in income taxes payable
$ (3,600)
Decrease in prepaid expenses
$ 4,200
Net income
$ 135,000
During the year, the company did not sell any long-term investments, retire any bonds payable, or repurchase any common stock.
Required:
1. Calculate the net cash provided by operating activities.
2. Calculate the net cash provided by (used in) investing activities.
3. Calculate the net cash provided by (used in) financing activities.
4. Calculate the cash and cash equivalents ending balance.
Complete this question by entering your answers in the tabs below.
Required 1 Required 2 Required 3 Required 4
Calculate the cash and cash equivalents ending balance.
Note: Cash outflows and amounts to be deducted should be indicated with a minus sign.
Statement of Cash Flows-Indirect Method
Beginning cash and cash equivalents
$ 120,000
Net cash provided by operating activities
$ 97,800
Net cash used in investing activities
Net cash provided by financing activities
Ending cash and cash equivalents
$ 97,800
$ 217,800
