Purchase of equipment $ 221,000 Increase in inventory 27,000 Increase in prepaid rent 8,500 Payment of dividends 33,000 Depreciation expense 12,000 Increase in accounts receivable 47,000 Increase in...

Opening cash is $ 98000, closing cash is $ 71000

Prepare cash flow statement.

Purchase of equipment<br>$ 221,000<br>Increase in inventory<br>27,000<br>Increase in prepaid rent<br>8,500<br>Payment of dividends<br>33,000<br>Depreciation expense<br>12,000<br>Increase in accounts receivable<br>47,000<br>Increase in accounts payable<br>16,000<br>Loss on sale of land<br>14,500<br>Net income<br>63,000<br>Repayment of notes payable<br>43,000<br>Cash received from the sale of land 4,000<br>Issuance of common stock<br>243,000<br>

Extracted text: Purchase of equipment $ 221,000 Increase in inventory 27,000 Increase in prepaid rent 8,500 Payment of dividends 33,000 Depreciation expense 12,000 Increase in accounts receivable 47,000 Increase in accounts payable 16,000 Loss on sale of land 14,500 Net income 63,000 Repayment of notes payable 43,000 Cash received from the sale of land 4,000 Issuance of common stock 243,000

Jun 10, 2022

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Purchase of equipment $ 221,000 Increase in inventory 27,000 Increase in prepaid rent 8,500 Payment of dividends 33,000 Depreciation expense 12,000 Increase in accounts receivable 47,000 Increase in...

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