Please provide answer in text (Without image) Exercise 4-13 (Static) Statement of cash flows preparation; direct method [LO4-8]The following summary transactions occurred during 2021 for Bluebonnet Bakers:Cash Received from:Collections from customersInterest on notes receivableCollection of notes receivableSale of investmentsIssuance of notes payableCash Paid for:Purchase of inventory.Interest on notes payablePurchase of equipmentSalaries to employeesPayment of notes payableDividends to shareholdersCash flows from operating activities:Cash received from customersThe balance of cash and cash equivalents at the beginning of 2021 was $17,000.Net cash flows from operating activitiesBLUEBONNET BAKERSStatement of Cash FlowsFor the Year Ended December 31, 2021Cash flows from investing activities:Net cash flows from investing activitiesCash flows from financing activities:$380,0006,00050,00030,000100,000Net cash flows from financing activities.160,0005,00085,00090,000Net increase in cashCash and cash equivalents, January 1Cash and cash equivalents, December 3125,00020,000$ 380,000$380,00000380,000$ 380,000

The cash flow statement is prepared to record the cash flow from various activities during the…

(Static) Statement of cash flows preparation; direct method [LO4. The following summary transactions occurred during 2021 for Bluebonnet Bakers: Cash Received from: Collections from customers Interest on notes receivable Collection of notes receivable Sale of investments Issuance of notes payable Cash Paid for: Purchase of inventory Interest on notes payable Purchase of equipment Salaries to employees Payment of notes payable Dividends to shareholders $380,000 6,000 50,000 30,000 100,000 160,000 5,000 85,000 90,000 25,000 20,000 The balance of cash and cash equivalents at the beginning of 2021 was $17,000. BLUEBONNET BAKERS Statement of Cash Flows

(Static) Statement of cash flows preparation; direct method [LO4. The following summary transactions occurred during 2021 for Bluebonnet Bakers: Cash Received from: Collections from customers Interest on notes receivable Collection of notes receivable Sale of investments Issuance of notes payable Cash Paid for: Purchase of inventory Interest on notes payable Purchase of equipment Salaries to employees Payment of notes payable Dividends to shareholders $380,000 6,000 50,000 30,000 100,000 160,000 5,000 85,000 90,000 25,000 20,000 The balance of cash and cash equivalents at the beginning of 2021 was $17,000. BLUEBONNET BAKERS Statement of Cash Flows

Financial Accounting: The Impact on Decision Makers

10th Edition

ISBN:9781305654174

Author:Gary A. Porter, Curtis L. Norton

Publisher:Gary A. Porter, Curtis L. Norton

Chapter7: Receivables And Investments

Section: Chapter Questions

Problem 7.19E

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Refer to the information for Cornett Company above. What amount should Cornett report on its statement of cash flows as net cash flows provided by investing activities? a. $(5,200) b. $55,200 c. $144,800 d. None of these
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Below is the ledger of XYZ Company Account Titles Accounts Receivable Accumulated depreciation - Buildings Accumulated depreciation - Furniture and Fixtures Accumulated depreciation - Manufacturing Equipments Allowance for Doubtful Accounts Bonds Payable Buildings Cash in Bank Cash on Hand Current portion of Long-term Notes Payable Finished goods Furnitures and Fixtures Income Taxes Payable Land Leasehold Improvements Long-term Notes Payable Manufacturing Equipments Money Market Fund Mortgage Payable Patents Amount 259,345.00 484,180.00 139,766.00 182.228.00 54,300.00 560,000.00 1,152,637.00 535,445.00 58,598.00 250,000.00 17,068.00 346,641.00 52,053.00 926,747.00 350,600.00 1,750,000.00 345,234.00 32,578.00 460,000.00 889,467.00
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Highlight the Net cash provided by Operating Activities for the Statement of Cash Flows Highlight the Net cash provided by Financing Activities for the Statement of Cash Flows Highlight the net change in cash for the period on the Statement of Cash Flows
Calculate cash balances based on the information provided in the chart below and show me how you did it Pro Forma Cash Flow Cash Received Cash from Operations Cash Sales $24,198 $100,099 $122,460 Cash from Receivables $46,108 $217,218 $342,905 Subtotal Cash from Operations $70,306 $317,317 $465,366 Additional Cash Received Sales Tax, VAT, HST/GST Received $0 $0 $0 New Current Borrowing $0 $0 $0 New Other Liabilities (interest-free) $0 $0 $0 New Long-term Liabilities $0 $40,000 $0 Sales of Other Current Assets $0 $0 $0 Sales of Long-term Assets $0 $0 $0 New Investment Received $0 $0 $0 Subtotal Cash Received $70,306 $357,317 $465,366 Expenditures Year 1 Year 2 Year 3 Expenditures from Operations Cash Spending $167,000 $225,200 $229,200 Bill Payments $75,294 $124,114 $152,785 Subtotal Spent on Operations $242,294 $349,314 $381,985 Additional Cash Spent Sales Tax,…
Cash received from long-term notes payable Purchase of investments Cash dividends paid. Interest paid Financing Activities Compute cash flows from financing activities using the above company information. (Amounts to be deducted should be indicated by a minus sign.) Cash received from long-term notes payable Cash dividends paid Cash provided by financing activities $ 66,000 16,500 $ 52,800 26,400 66,000 (52,800) 13,200
Problem 10-2 (IAA) Star Company provided the following data for the preparation of statement of cash flows for the current year: Cash balance, beginning Cash paid to purchase inventory Cash received from sale of trading securities Cash paid for interest on bank loan Cash paid to repay principal amount of bank loan Cash collected from customers Cash received from issuance of ordinary shares Cash paid for dividend Cash paid for income taxes Cash paid to purchase trading securities 1,500,000 7,800,000 2,500,000 450,000 1,000,000 10,000,000 1,200,000 2,000,000 1,350,000 1,000,000 1. What is the net cash provided by operating activities? a. 1,900,000 b. 2,900,000 c. 2,350,000 d. 400,000 2. What is the net cash used in financing activites? a. 3,000,000 b. 2,000,000 c. 1,800,000 d. 4,200,000 3. What is the cash balance at year-end? a. 3,400,000 b. 1,600,000 c. 1,400,000 d. 2,400,000
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Problem 10-2 (IAA) Star Company provided the following data for the preparation of statement of cash flows for the current year: Cash balance, beginning Cash paid to purchase inventory. 1,500,000 7,800,000 2,500,000 Cash received from sale of trading securities Cash paid for interest-on bank loan 450,000 1,000,000 Cash paid to repay principal amount of bank loan Cash collected from customers 10,000,000 1,200,000 Cash received from issuance of ordinary shares Cash paid for dividend 2,000,000 Cash paid for income taxes 1,350,000 Cash paid to purchase trading securities 1,000,000