A summary of cash flows for Sentinel Travel Service for the year ended August 31, 2019, follows:Cash receipts:           Cash received from customers $734,000           Cash received from additional investment of owner 36,000Cash payments:           Cash paid for operating expenses 745,600           Cash paid for land 50,000          Cash paid to owner for personal use 20,000The cash balance as of September 1, 2019, was $89,000.Prepare a statement of cash flows for Sentinel Travel Service for the year ended August 31, 2019.

Below is the data for Michael Ski Company . Prepare the cash flows from operating activities in the statement of cash flows using the direct method. (Do not prepare a reconciliation schedule.) David Ski Company had the following statements prepared as of December 31, 2020: Michael Ski Company Comparative Balance Sheet As of December 31   2020 2019 Cash 2,500 4,000 Account receivable 103,000 97,000 Short-term investment (Available-for-sale) 96,000 121,000 Inventories 91,000 54,000 Prepaid insurance 4,000 6,000 Ski equipment 89,000 43,000 Accumulated depr.-equipment (23,500) (18,000) Trademarks 79,000 83,000 Total asets 441,000 390,000       Account payable 92,200 75,000 income taxes payable 21,800 15,700 Wages payable 4,000 9,000 Short-term loans payable to bank 23,500 0 Long-term loans payable 75,000 125,000 Common stock, $1 par 100,000 100,000 Additional paid-in capital 20,000 20,000 Retained earnings 104,500 45,300 Total…

Consider the following balance sheets and income statement for Cruyff Enterprises. Cruyff paid $25,000 for rent in 2020. Compute the cash that Cruyff paid for dividends.    Cruyff Enterprises Balance Sheets As of December 31, 2020 and 2019           2020     2019 Assets:       Cash $18,650    $ 14,900 Accounts Receivable 42,000   36,000 Inventory 60,500   50,000 Prepaid Rent 3,000   1,400 Property, Plant and Equipment 230,000   205,600 Less: Accumulated Depreciation (75,000)   (65,000) Total Assets $279,150   $242,900         Liabilities and Stockholders’ Equity:       Accounts Payable $26,500   $21,000 Interest Payable 650   400 Unearned Revenue 7,000   10,000 Bonds Payable 37,000   37,000 Common Stock 20,000   15,000 Additional Paid-In Capital 48,000   40,000 Retained Earnings 140,000   119,500…

Using the financial statements and notes provided below,      prepare a cash flow analysis for the Penelope Company for 2019.                             Penelope Company                        Income Statement             For the Year Ended December 31, 2019             Revenues                      $2,467,000           Cost of Goods Sold             1,285,000                Gross Margin              1,182,000           Operating Expenses:              Selling Expenses              230,000              Administrative Expenses        94,000              Depreciation                   15,000                Total Operating Expenses    339,000              Operating Income              843,000           Other Items:                 Loss on Sale of Patent        (11,000)              Interest Expense              (42,000)           Other Items                      (53,000)           Net Income Before Taxes          790,000              Taxes                         316,000…