Question

Statement of Cash Flows

The following are several items involving Tejera Company's cash flow activities for 2019:

1. Net income, $60,400
2. Receipt from issuance of common stock, $32,000
3. Payment for purchase of equipment, $41,500
4. Payment for purchase of land, $19,600
5. Depreciation expense, $20,500
6. Patent amortization expense, $1,200
7. Payment of dividends, $21,000
8. Decrease in salaries payable, $2,600
9. Increase in accounts receivable, $10,300
10. Beginning cash balance, $30,700

Required

Prepare Tejera's statement of cash flows for 2019 using the indirect method. Use a minus sign for any negative amounts.

Tejera Company
Statement of Cash Flows
For Year Ended December 31, 2019
Net Cash Flow From Operating Activities
	$
Adjustments for differences between income flows and cash flows from operating activities:
Net cash provided by operating activities		$
Cash Flows From Investing Activities
	$
Net cash used for investing activities
Cash Flows From Financing Activities
	$
Net cash provided by financing activities
		$
		$

Answer 1

Prepare Tejera's statement of cash flows for 2019 using the indirect method. Use a minus sign for any negative amounts.

Tejera Company
Statement of Cash Flows
For Year Ended December 31, 2019
Net Cash Flow From Operating Activities
Net income	$60400
Adjustments for differences between income flows and cash flows from operating activities:
Depreciation	20500
Patent amortization expense	1200
Decrease in salaries payable	-2600
Increase in accounts receivable	-10300
Net cash provided by operating activities		$69200
Cash Flows From Investing Activities
Payment of purchase of equipment	-41500
payment of purchase of land	-19600
Net cash used for investing activities		-61100
Cash Flows From Financing Activities
Receipt from issuance of common stock,	$32000
Payment of dividends	-21000
Net cash provided by financing activities		11000
Net increase (decrease)		$19100
Beginning Cash		30700
Ending Cash		49800