Answer Happy

30 The 2021 financial statements of Canbuild Inc. are presented below (unit measure in thousand), 2021 2020 Cash 20 Accounts receivable net) 219 189 Inventory 137 167 Equipment 173 180 Accumulated depreciation equipment (130) (140) Total assets 43 416 Accounts payable Dividends payable Long-term loan payable Common shares Retained earnings Total liabilities and shareholders' equity 75 33 107 110 106 4311 70 29 107 110 100 416 Sales revenues Cost of goods sold Depreciation expenses Other operating expenses Net income 1.245 (655) (98) $324 168
During fiscal year 2021, Cambuild sold a piece of its equipment. The equipment sold had originally cost 5153,000 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 poid. Clearly show calculations for numbers that are not given (4 points) 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 gives (3 points)