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please help! thank you. i have attached images
eBook
Print Item
Question Content Area
Statement of Cash Flows
Zowine
Company's condensed income
statement for the year ended
December 31, 20-2, is shown.
Additional information obtained from Zowine's comparative
balance sheets as of December 31, 20-2 and 20-1, is shown.
The following additional information was obtained from Zowine's
financial statements and auxiliary records for the year ended
December 31, 20-2 is shown.
Required:
- Hello Please Help Thank You I Have Attached Images Ebook Print Item Question Content Area Statement Of Cash Flows Zow 1 (51.94 KiB) Viewed 39 times
Zowine
Company Statement of Cash Flows For Year Ended December 31, 20-2 Cash flows from operating activities: Net income 123,200 Adjustments for changes in current assets and liabilities related to operating activities: Decrease in accounts receivable 30,000 Decrease in merchandise inventory 42,000 Decrease in accounts payable 33,000 X Net cash provided by operating activities Cash flows from investing activities: Purchased warehouse 117,000 x Purchased warehouse equipment 80,000 x Total cash used by investing activities Cash flows from financing activities: Issued note payable 42,000 162,200 197,000 X Issued common stock 75,000 Paid cash dividends 28,000 x 89,000 Net cash provided by financing activities Net increase in cash 54,200 Cash, January 1, 20-2 21,000 Cash, December 31, 20-2 75,200