Answer Happy

The following information is available for Sheridan Company: Receipts from customers Dividends from stock investments Proceeds from sale of equipment Proceeds from issuance of stock Payments for inventory Payments for operating expenses Interest paid Taxes paid Dividends paid $220,400 6.600 19,800 91,800 101,800 79,800 7,800 5,800 21,800 Based on the preceding information, compute the net cash provided by operating activities. Net cash provided by operating activities $
Presented here are the financial statements of Crane Company. Assets Cash Accounts receivable Inventory Property, plant, and equipment Accumulated depreciation Total Liabilities and Stockholders' Equity Accounts payable Income taxes payable Bonds payable Common stock Retained earnings Total Sales revenue Cost of goods sold Gross profit Selling expenses Administrative expenses Income from operations Interest expense Income before income taxes Income tax expense Net income Additional data: 1. CRANE COMPANY Comparative Balance Sheets December 31 2. 3. 4. 5. 2022 $36,000 32,000 29,000 59,000 (29,000) $127,000 $17,250 5.750 $28,000 CRANE COMPANY Income Statement For the Year Ended December 31, 2022 7,000 26,000 17,000 49,000 $127,000 $241,000 175,000 66,000 23,000 43,000 2,000 41,000 8,200 $32,800 2021 $19.000 18,000 20,000 77,000 (23,000) $111.000 $ 16,000 8,000 32,000 13,000 42,000 $111.000 Depreciation expense was $15,400. Dividends declared and paid were $25,800. During the year, equipment was sold for $8,600 cash. This equipment originally cost $18,000 and had accumulated depreciation of $9,400 at the time of sale. Bonds were redeemed at their carrying value. Common stock was issued at par for cash.
(a) Prepare a statement of cash flows using the indirect method. (Show amounts that decrease cash flow with either a-sign e.g. -15,000 or in parenthesis e.g. (15,000).) Cash Flows from Operating Activities Net Income Adjustments to reconcile net income to Depreciation Expense Cash Flows from Financing Activities Net Increase in Cash CRANE COMPANY Statement of Cash Flows For the Year Ended December 31, 2022 Cash at Beginning of Period Cash at End of Period eTextbook and Media Save for Later Last saved 27 seconds ago. V 15400 -14000 -9000 12000 -1000 8600 -25800 4000 -6000 $ 32800 $ 36200 8600 -278000 1. 17000 19000 36000 Attempts: 0 of 5 used Submit Answer