Using the line items given, create a Statement of Cash Flows for HD Chocolate for the year ended 2019

Using the line items given, create a Statement of Cash Flows for HD Chocolate for the year ended 2019

Answer the following questions concerning the Balance Sheet you have just completed (please show your work

 

HD Chocolate Statement of cash flow for the year ended 2019

 

Cash flow from operating activities

Net earnings $583

Depreciation $1,231

Loss on sale of equipment $121

Changes in current assets & liabilities

Account Receivable ($682)

Inventory ($5,598)

Prepaiod expense $863

Account payable $1,436

Wages payable $1,595

Net cash used by operating activities -$451

Cash flows from investing activities

Purchase equipment ($7,178)

Net cash used in investing activities ($7,178)

Cash flows from financing acvtivity

Note payable $926

Proceeds from bonds issued $10,000

Payment of dividends ($939)

Net cash provided by financing activities $9,987

Net increase in cash $2,358

Cash at the beginning of the year $1,252

Cash at the end of the year $3,610

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