Solution-Prepare the applicable statement of cash flow

Prepare the applicable statement of cash flow

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Reference no: EM132591165

From the year ending December 31, 2019 Income Statement:

Sales: $6,400

Depreciation Expense: $600

Net Income: $3,800

From the Balance Sheets, the following are changes between December 31, 2018 and December 31, 2019 (no change for any items not listed, except cash)

Inventory Increased by $900

Accounts Payable Decreased by $500

Question 1: There was $900 in capital expenditures and $400 in dividends paid in 2019 (but no other investing or financing activities). As of December 31, 2018, Cash was $2,300. Prepare the applicable (entire) Statement of Cash Flow (Indirect Method all proper formatting required).

Reference no: EM132591165

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Prepare the applicable statement of cash flow

Reference no: EM132591165

Reference no: EM132591165

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