Answer:
Explanation:
Oriole Company
Statement of cash flow
For the year ending 2020
Cash flows from Operating Activities
Net Income $18,250
Adjustments to reconcile net income to
net cash provided by operating activities:
Add: Loss on sale of equipment
($9,900 - $2,000 - $3,400) $4,500
Depreciation on Fixed Assets ($14,250 - $10,400 - $2,000) $1,850
(Increase) Decrease in current assets:
Accounts receivable ($25,000 - $22,200) ($2,800)
Increase (Decrease) in current liabilities:
Accounts Payable ($14,850 - $11,050) $3,800
Net Cash provided by operating activities $25,600
Cash flows from Investing Activities
Disposal of Equipment $3,400
Net Cash used in Investing Activities $3,400
Cash flows from Financing Activities
Payments on Bonds Payable ($10,100 - $30,100) ($20,000)
Common Stock ($50,100 - $44,700) $5,400
Dividends paid ($15,400)
Net Cash used in financing activities ($30,000)
Beginning Cash Balance $17,600
Ending Cash Balance $16,500
