Please help what are the answers to this question Cengage Ce

Please help, what are the answers to this question?

Cengage CengageNOWv2 Online x ? >? ? Secure v2cengagenow.com/ilm/takeAssignment takeAssignmentMain.donnvoker-assignments&takeAssignmentSessionLocator-assignment; take& a? ::: Apps D Wireless Router Ar Cloud Cam udemy MindMeiser u University of South. Self Learn gArime Anime a Amazon 0 You lube Other buokmarks Chapter 16 Homework Show Me How Slalernent ul Cash Flaws-Indirect Melhod 1. PE.16.04.BLANKSHEETAL . The comparative balance sheet of Merrick [quipment Co. for December 31, 20Y9 dnd 20YB, is ds follows: 2. PR.16-01.ALGO 3. EX16-07.BLANKSHEETAL 4. EX.16-03 5. EX.16-04 6. PE.16-03.BLANKSHEETAL Dec. 31,Dec. 31, 20Y9 20Y8 Assels Cash $314,050 295,170 113,770 106,010 313,870 171,600 Accounts receivable (net) 321,160 . Land Equipment ACCumulated deprecation equipment 277,500 (71,830) S1,185,090 $1,039,320 164,730 354,340 (82,960) Total assets Liabilities and Stockholders\' Equity Accounts payable Accrue expenses payable Dividends payable Common stock, $10 par Pald-in capital: Excess of issue price over par-common stock $214,500 $204,750 27,020 9,350 50,930 141,350 21,330 11,850 63,990 240,0 Check My Work Previous Next Progress: 2/6 items 5:30 PM Type here to search ???@.o. e? 6/26/2018

Solution

Cash flow from operating activities Net income 75780 Adjustments to reconcile the net income Loss on sale of investment 12160 Depreciation expense 8130 Changes in current asset and liabilities Increase in accounts receivable -7760 Increase in inventory -7290 Increase in accounts payable 9750 Decrease in Accrued expense payable -5690 9300 Cash flow from operating activities 85080 Cash flow from Investing activities Equipment purchased -76840 Investment sold 109440 Land purchased -164730 Cash flow from Investing activities -132130 Cash flow from Financing activities Paid in capital in excess 99220 Common stock 13060 Dividend -46350 Cash flow from Financing activities 65930 Net Cash and cash equivalent 18880 Add Beginning cash and cash equivalent 295170 Ending cash and cash equivalent 314050