Answer Happy

Question 3 (19 points) 5 - Listen The 2021 financial statements of Canbuild Inc. are presented below (unit measure in thousand). 2021 2020 Cash 30 50 Accounts receivable(net) 219 120 Inventory 137 187 Equipment 175 195 Accumulated depreciation equipment (130) (170) Total assets 431 382 68 24 Accounts payable Dividends payable Long-term loan payable Common shares Retained earnings Total liabilities and shareholders' equity 75 33 107 110 107 106 110 73 382 olma 431 Sales revenues Cost of goods sold Depreciation expenses Other operating expenses Net income 1.245 (655) (98) (324) 168 During fiscal year 2021, Canbuild sold a piece of its equipment. The equipment sold had originally cost $153.000
Depreciation expenses Other operating expenses Net income 1,245 (655) (98) (324) 168 During fiscal year 2021, Canbuild sold a piece of its equipment. The equipment sold had originally cost $153,000 Required: 1. Prepare Operating activity section of the statement of cash flows, using the indirect method, clearly labelling each cash flow item and ignoring the heading (4.5 points). 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 dividends paid. Clearly show calculations for numbers that are not given (4 points). a 5. 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 calculations for numbers that are not given (3 points).