Trafalgar Industries, Inc. is a manufacturer of steel products for customers suc

Question

Trafalgar Industries, Inc. is a manufacturer of steel products for customers such as Home Depot, Lowe’s, Chrysler, Ford, and General Motors. In the year ended December 31, 2013, it reported the following activities:

Based on this information, present the cash flows from the investing and financing activities sections of the cash flow statement. (Amounts to be deducted should be indicated by a minus sign.)

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Depreciation

Increase in Accounts Receivable

Net Proceeds from Stock Issuance

Other Financing Cash Outflows

Payment of Dividends

Payments on Notes Payable to Bank

Proceeds from Notes Payable to Bank

Proceeds from Sale of Equipment

Purchase of Equipment

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  Net income (loss) $ (6,533 )   Purchase of equipment 14,040   Payments on notes payable to bank 207,469   Net proceeds from stock issuance 762   Depreciation 26,150   Proceeds from sale of equipment 12,520   Increase in accounts receivable 1,970   Proceeds from notes payable to bank 212,100

Explanation / Answer

Based on this information, present the cash flows from the investing and financing activities sections of the cash flow statement. (Amounts to be deducted should be indicated by a minus sign.)

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TRAFALGAR INDUSTRIES, INC. Statement of Cash Flows (Partial) For the Year Ended December 31, 2013 Cash Flows from Investing Activities: Purchase of equipment (14040) Proceeds from sale of equipment 12520 Net Cash Flows from Investing Activities (1520) Cash Flows from Financing Activities: Payments on notes payable to bank (207469) Net proceeds from stock issuance 762 Proceeds from notes payable to bank 212100 Net Cash Flows from Financing Activities: 5393

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