The statement of cash flows has blank lines. Determine the values that would be

Question

The statement of cash flows has blank lines. Determine the values that would be appropriate for each blank line. How do we get these missing values?

Cash Flows from Operating Activities Cash received from customers 3,701,327 Cash paid out to suppliers and employees [_____A_____] Interest paid -28,134 Taxes paid -42,046 Net cash provided by operating activities 72,074 Cash Flows from Investing Activities Purchase of equipment -4,272 Net cash used in investing activities [_____B_____] Cash Flows from Financing Activities New loans 50,000 Funds received from lines of credit 26,234 Repayments on loans [_____C_____] Repayments on lines of credit -26,234 Repayment of note -38,501 Net cash used in financing activities -38,501 Net Increase in Cash [_____D_____] Cash balances, beginning of year [_____E_____] Cash balances, end of year 130,366

Explanation / Answer

Answers:

A : -$3559073

B : -$4272

C : -$50000

D : $29301

E : $101065

Cash Flow from Operating activities: A Cash received from customers 3701327 B Cash Paid out to suppliers & employees -3559073 [E-A-C-D] C Interest Paid -28134 D Taxes Paid -42046 E Net Cash provided by operating activities 72074 Cash Flow from Investing activities: F Purchase of Equipment -4272 G Net Cash used in investing activities (F) -4272 Cash Flow from Financing Activities: H New Loans 50000 I Funds received from lines of credit 26234 J Repayment of loans -50000 [M-H-I-K-L] K Repayment of Lines of Credit -26234 L Repayment of Note -38501 M Net Cash used in Financing Activities -38501 N Net Increase in Cash (E+G+M) 29301 O Cash Balances, Beginning of year (P-N) 101065 P Cash Balances, End of year 130366

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