Exercise 12-5 The following information is available for Metlock, Inc. for the y

Question

Exercise 12-5 The following information is available for Metlock, Inc. for the year ended December 31, 2017 Beginning cash balance Accounts payable decrease Depreciation expense Accounts receivable increase Inventory increase Net income Cash received for sale of land at book value Cash dividends paid Income taxes payable increase Cash used to purchase building Cash used to purchase treasury stoclk Cash received from issuing bonds $46,305 3,807 166,698 8,438 11,319 292,339 36,015 12,348 4,836 297,381 26,754 205,800

Explanation / Answer

Cash Flow Statement :-

Particulars Amount ($) Amount ($) Cash Flow from Operating Activity :- Net Income 292339 Add : Depreciation Exp. 166698 Less : Increase in Accounts Receivable (8438) Less : Increase in Inventory (11319) Less : Decrease in Accounts Payable (3807) Add : Income Taxes Payable 4836 147970 Net Cash from Operating Activities (A) 440309 Cash Flow from Investing Activities :- Sales of Land 36015 Purchase of Building (297381) Net Cash from Investing Activities (B) (261366) Cash Flow from Financing Activities :- Purchase of Treasury Stock (26754) Issuance of Bonds 205800 Dividends Paid (12348) Net Cash from Financing Activities (C) 166698 Net Cash (A+B+C) 345641 Add : Beginning Cash Balance 46305 Ending Cash Balance($345641+46305) 391946

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