Question - Statement of Cash Flows
Voyage Company provided the following Information for 21A:
- Net income for the year 21A was $26,000
- Increase in Bonds payable $44,000
- Decrease in Accrued Liabilities $2,000
- Increase in Accounts payable $9,000
- Loss on sale of Plant asset $2,000
- Decrease in Accounts receivable $1,000
- Cash paid for purchase of Equipment $140,000
- Cash paid for dividends $18,000
- Increase in Inventories $1,000
- Increase in Common Stock $32,000
- Depreciation expense $10,000
- Beginning Cash balance $3,000
- Issuance of common stock for cash $19,000
- Cash for sale of equipment $74,000
- Cash paid for purchase of treasury stock $5,000
Answer each of the following questions based on the information provided.
1. Determine cash flows from operating activities using the indirect method.
2. How much is cash flows from investing activities?
3. How much is cash flows from financing activities?
4. How much is the net change in cash account during the year?
5. How much is the ending cash balance?