Answer Happy

The 2021 financial statements of Cansild Inc. are presented below (unit measure in thousand), 2021 2020 Cash 40 30 Accounts receivable(net) 228 219 Inventory 106 137 Equipment 134 175 Accumulated depreciation equipment (110) (130) Total assets 398 431 Accounts payable Dividends payable Long-term loan payable Common shares Retained earnings Total liabilities and shareholders' equity 82 36 107 110 63 75 33 107 110 106 491 398 Sales revenues Cost of goods sold Depreciation expenses Other operating expenses Net income 1,243 (655) (98) (324) 168 During fiscal year 2021. Canbuild sold a piece of its equipment. The equipment sold had originally cost Sno
During fiscal year 2021, Cunbuild sold a piece of its equipment. The epipment sold had originally cout $153,000 Required: 1. Prepare Operating nativity section of the statement of cash flows, using the Indirect method, clearly labelling each cash flow item and ignoring the bending (4.5 polots) 2. Determine the amount of cash paid to purchase the new equipment, Clearly show calculations for numbers that are not given (2 points) 3. Determine the amount of cash received from the sale of the equipment, Clearly show calculations for numbers that are not given (3.5 points). 4. Determine the amount of dividend paid Clearly show ealeulations for numbers that are not given (4 points) 3. Determine the amount of cash collected from customers, Clearly show calculations for numbers that are not given (2 points). 6. Determine the amount of cash paid to suppliers. Clearly show cateulations for numbers that are not given (3 points).