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Natalie Daniels has completed the basic format to be used in preparing the statement of ca

Natalie Daniels has completed the basic format to be used in preparing the statement of ca

Natalie Daniels has completed the basic format to be used in preparing the statement of cash flows (indirect method) for CPU Hardware Designers. All amounts are in thousands (000s). Listed below in random order are line items to be included in the statement of cash flows.

 
  Cash received from the sale of land $    4,000  
  Issuance of common stock 254,000  
  Depreciation expense 20,900  
  Increase in accounts receivable 60,100  
  Increase in accounts payable 10,500  
  Loss on sale of land 7,700  
  Purchase of equipment 229,000  
  Increase in inventory 30,300  
  Increase in prepaid rent 10,800  
  Payment of dividends 40,300  
  Net income 71,000  
  Repayment of notes payable 58,000  

 

Required:

Prepare the statement of cash flows for CPU Hardware Designers using the indirect method. (Amounts to be deducted should be indicated with minus sign. Omit the "$" sign in your response.)

CPU HARDWARE DESIGNERS
Statement of Cash Flows
For the year ended December 31, 2012
  Cash Flows from Operating Activities    
    Net income $ n/r     
    Adjustments for noncash effects:    
       n/r       
       n/r       
    Changes in current assets and current liabilities    
       n/r       
       n/r       
       n/r       
       n/r       
   
          Net cash flows from operating activities   $ n/r    
  Cash Flows from Investing Activities    
       n/r       
       n/r       
   
          Net cash flows from investing activities   n/r    
  Cash Flows from Financing Activities    
       n/r       
       n/r       
       n/r       
         
          Net cash flows from financing activities   n/r    
   
  Net increase (decrease) in cash   $        (60,400)  
  Cash at the beginning of the period   85,000   
   
  Cash at the end of the period   $         24,600   
Rosa Parks 07-Nov-2017

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