Question

The following information relates to a Corporation for the year ended 2014: Prepare the cash flow statement in proper form

Purchase of Treasury Stock $32,000

Depletion Expense $15,000

Cash from issuance of bonds payable $30,000

Net loss $25,000

Beginning short-term investments $12,000

Ending short-term investments $18,000

Purchase of a patent $33,000

Beginning accounts payable $103,000

Ending account payable $76,000

Beginning accounts receiavble $15,000

Ending accounts receivable $10,000

Beginning inventory $20,000

Ending inventory $11,000

Loss on sale of stock $12,000

Issued preferred stock for land $72,000

Beginning notes payable-11 months $83,000

Ending balance notes payable- 11 month $75,000

Bad debt expense $17,000

Issued common stock for cash $105,000

Amortization expense $23,000

Sale of equipment at cost $14,000

Depreciation Expense $50,000

Answer 1

Statement of cash flow
Cash flows from operating activities
Net Loss		($25,000)
Adjustments to convert net income to cash basis
Depreciation expenses	50000
Depletion expenses	15000
Amortization expenses	23000
Loss on sale of stock	12000
Bad debt expenses	17000
DEcrease in Accounts receivable	5000
Decrease in Inventories (20000-11000)	9000
Decrease in Accounts Payable (76000-103000)	-27000
		104000
Net cash from operating activities		79,000.00
Cash flows from investing activities
Purchase of Investment	-33000
Prchase of short term investment	-6000
Sale of equipment	14000	-25000
Net cash used investing activities		(25,000.00)
Cash flows from financing activities
Purchase of Treasury Stock	-32000
Issue of Common stock	105000
Repayment of Notes payable (75000-83000)	-8000
Issuance of bonds payable	30000	95,000.00
Net cash from financing activities		95,000.00
Net Increase in cash and cash equivalents		149,000.00
Cash and cash equivalents at beginning of period
Ending Balance
Non cash transaction
Issued preferred stock for land $72,000
Note: The ending and beginning cash balance not given apart from that
statement of cash flow is prepared. If an y doubt please comment