The records of Muted Collor Engraving reveal the following EB (Cick the icon to

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The records of Muted Collor Engraving reveal the following EB (Cick the icon to view the records) Compute cash ows from operating activities by the indirect method for year ended December 31, 2018 (Use parentheses or a minus sign for numbers to be subtracted and to show net cash used for operating activities. If a box is not used in the table, leave the box empty, do not select a label or enter azera) Statement of Cash Flows (Partial Year Ended December 31, 2018 Data Tabie Cash Flows from Operating Activities 27,000 Net Income Adjustments to Reconcile Net Income to Net Cash Provided by (Used for) Operating Activs Net incom Sales revene Loss on sale of land Acquisition of land 27,000 Depreclation expense 7,000 9 000 Decrease in curent abl Depreciation Expense Less on Sale of Land Increase in Current Assets Other than Cash s7000 8000 11,000 Increase in curent asses othe ?000than cash 1,000 $ - Print Done Decrease in Current Liabilities Net Cash Provided by (Used for) Operating Activities Choose trom any list or eter any number in the input fields and then click Check Answer

Explanation / Answer

Vitamins Plus Statement of Cashflow Year ended September 30, 2018 Cash Flows from Operating activities Net Income $61,000 Adjustments to reconcile Net income to Net cash Provided by (used for) Operating Activities Depreciation Expenses-Plant Assets $26,000 Decrease in Accounts receivable ($17,000) Increase in Inventory $8,000 Increase in Accounts Payable $14,000 Decrease in Accrued Liabilities ($5,000) $26,000 Net cash Provided by (Used for) Operating Activities $87,000 Cash Flow from Investing activites Purchase of Plant assets ($106,000) Sale of land $23,000 ($83,000) Cash Flow from Financing activities Issuance of Common Stock $33,000 Payment of Notes payable ($17,000) Payment of Dividend ($10,000) Notes payable signed for plant assets $18,000 $24,000 Net cash flows $28,000 Beginning Cash balance $6,000 Ending Cash Balance $34,000 Snowcross Inc. Statement of Cashflow (Partial) Year ended December 31, 2018 Non cash Investing and Financing Activities Issued common stock for building $107,000 Long term note for purchase of truck $35,000 Retired short term notes by issuing common stock $26,000 Total non-cash investing and financing activities $168,000

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