Answer:
Cash and cash equivalents at the end of the year is $90,100.
Explanation:
VPI Co.
Statement of Cash Flows
Net income $27,000
Add: Depreciation expense $4,400
Increase in accounts payable $1,700
Increase in inventory $5,400
Less: Gain on sale of machinery -$2,100
Decrease in accounts receivable -$3,400
Net cash flows from operating activities $33,000...(a)
Proceeds from sale of machinery $9,700
Net cash flows (used in) / from investing activities $9,700...(b)
Proceeds from issuing stock $8,400
Dividend paid -$1,400
Net cash flows (used in) / from financing activities $7,000...(c)
Net increase in cash and cash equivalents $49,700...(d)=(a)+(b)+(c)
Cash balance at the beginning of the year $40,400
Cash and cash equivalents at the end of the year $90,100
