Complete the statement of sources and uses of cash from the following entries: Net income $3,200 Dividends 600 Additions to inventory 290 Additions to receivables 320 Depreciation Reduction in payables Net issuance of long-term debt Sale of fixed assets 260 720 470 230 Sources Cash from operations: Total sources 0. Uses

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Required information Skip to question   [The following information applies to the questions displayed below.]   Ravenna Company is a merchandiser that uses the indirect method to prepare the operating activities section of its statement of cash flows. Its balance sheet for this year is as follows:     Ending Balance   Beginning Balance Cash and cash equivalents $ 102,000   $ 122,400 Accounts receivable   81,700     88,000 Inventory   109,700     100,000 Total current assets   293,400     310,400 Property, plant, and equipment   291,000     280,000 Less accumulated depreciation   97,000     70,000 Net property, plant, and equipment   194,000     210,000 Total assets $ 487,400   $ 520,400             Accounts payable $ 64,000   $ 113,700 Income taxes payable   49,700     65,700 Bonds payable   120,000     100,000 Common stock   140,000     120,000 Retained earnings   113,700     121,000 Total liabilities and stockholders’ equity $ 487,400   $ 520,400…

Statement of Cash Flows—Indirect Method The comparative balance sheet of Merrick Equipment Co. for December 31, 20Y9 and 20Y8, is as follows:   Dec. 31, 20Y9 Dec. 31, 20Y8 Assets     Cash $271,620   $255,000   Accounts receivable (net) 98,400   91,580   Inventories 277,770   271,170   Investments 0   105,050   Land 142,470   0   Equipment 306,470   239,730   Accumulated depreciation—equipment (71,750)   (64,650)   Total assets $1,024,980   $897,880         Liabilities and Stockholders' Equity     Accounts payable (merchandise creditors) $185,520   $176,880   Accrued expenses payable (operating expenses) 18,450   23,340   Dividends payable 10,250   8,080   Common stock, $10 par 55,350   44,000   Paid-in capital in excess of par—common stock 208,070   122,110   Retained earnings 547,340   523,470   Total liabilities and stockholders’ equity $1,024,980   $897,880   Additional data obtained from an examination of the accounts in the ledger for 20Y9…

Demers Inc. reported the following data: Net income $409,500 Depreciation expense 46,460 Gain on disposal of equipment 37,860 Decrease in accounts receivable 25,340 Decrease in accounts payable 5,930   Prepare the Cash Flows from Operating Activities section of the statement of cash flows, using the indirect method. Refer to the Amount Descriptions list provided for the exact wording of the answer choices for text entries. Use the minus sign to indicate cash outflows, cash payments, decreases in cash and for any adjustments, if required.

The following information pertains to Peak Heights Company: Sales Expenses Cost of goods sold Salaries expense Net income Income Statement for Current Year $ 93,000 $ 51,875 Depreciation expense 6,000 12,000 69,875 $ 23,125 Partial Balance Sheet Current year Accounts receivable Inventory Salaries payable $ 10,500 13,000 2,250 Prior year $ 12,000 8,000 800 Required: Present the operating activities section of the statement of cash flows for Peak Heights Company using the indirect met Note: List cash outflows as negative amounts. PEAK HEIGHTS COMPANY Statement of Cash Flows (Partial)

A draft statement of cash flows contains the following:     £ i    Profit before tax   22 ii    Depreciation   8 iii   Increase in inventories   -4 iv  Decrease in receivables   -3 v  Increase in payables   -2       Net cash inflow from operating activities 21   Which Two of the following corrections needs to be made to the calculation?              a. ii and v   b. iv and iii   c. i and ii   d. iv and v

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Asap The following information is available from the current period financial statements:   Net income $126,307  Depreciation expense 23,648  Increase in accounts receivable 16,473  Decrease in accounts payable (19,595) The net cash flows from operating activities using the indirect method is   a.$126,307 b.$113,887 c.$66,591 d.$186,023

Based on the following information, compute cash flows from financing activities under GAAP.Purchase of investments $ 250Dividends paid 1,200Interest paid 400Additional borrowing from bank 2,800