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Are Selected i × almaou × D Courses-Blackboard Le >yWileyPLUS a Secure https://edugen.wiley Re Intermediate Accounting, 16e PLUS OR o, ESOURCES Exercise 23-21 2012 Your answer is partially correct. Try again. Below is the comparative balance sheet for Ayayai Corporation. Dec. 31, 2017 Dec. 31, 2016 Cash Short-term investments Accounts receivable Allowance for doubtful accounts Prepaid expenses Inventory Land Buildings Accumulated depreciation-buildings Equipment Accumulated depreciation-equipment Delivery equipment Accumulated depreciation-delivery equipment Patents $16,500 24,700 43,300 (1,700) 4,200 81,600 50,300 125,700 (30,300) 53,300 (18,800) 39,300 (22,200) 14,900 380,800 $21,000 19,100 45,300 (2,000) 2,600 64,900 50,300 73,700 (23,000) 45,700 (15,600) 39,300 (20,500) ts brx Studx $300,800 $25,700 4,100 3,000 73,300 49,500 139,300 10,000 75,900 $380,800 Dividends in the amount of $15,000 were dedared and paid in 2017 Accounts payable Short-term notes payable (trade) Accrued payables Mortgage payable Bonds payable Common stock Paid-in capital in excess of par Retained earnings $16,200 5,900 4,700 53,000 62,500 101,600 4,100 52,800 $300,800 From this information, prepare a worksheet for a statement of cash flows. Make reasonable assumptions as approp either in debit or in credit column in Statement of Cash Flows Effects AYAYAI CORPORATION WORKSHEET FOR PREPARATION OF STATEMENT OF CASH FLOWS For the Year Ended December 31, 2017 017

Explanation / Answer

Ayayai Corporation Statement of Cash Flows Amount $ Operating Activities Net Income (75900+15000-52800) 38,100 Adjustments: Non-Cash adjustment: Depreciation (30300+18800+22200-23000-15600-20500) 12,200 Due to changes in Working capital Due to changes in net accounts receivable (45300-2000-43300-1700) 1,700 Due to changes in Inventories (81600-64900)        -16,700 Due to changes in accounts payable (25700-16200)            9,500 Due to changes in short term note payable (4100-5900)           -1,800 Due to changes in accruals (3000-4700)           -1,700 Due to changes in Prepaid expenses (4200-2600)           -1,600 Net Cash provided (used) by operating activities          39,700 Investing Activities Cash used to acquire Buildings (125700-73700)        -52,000 Cash used to acquire Equipments (53300-45700)           -7,600 Cash used to acquire Patents        -14,900 Due to change in short-term investments (19100-24700)           -5,600 Net cash provided (used) by investing activities        -80,100 Financing Activities Due to change in Mortgage payable (73300-53000)          20,300 Due to change in Bonds payable (49500-62500)        -13,000 Due to change in common stock (139300+10000-101600-4100)          43,600 Payment of common dividends        -15,000 Net cash provided (used) by investing activities)          35,900 Net increase/decrease in cash           -4,500 Add: Cash balance at the begining of the year          21,000 Cash balance at the end of the year          16,500

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