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STATEMENT OF CASH FLOWS:  REPORTING THE EFFECTS OF OPERATING, INVESTING, AND FINANCING ACTIVITIES ON CASH FLOWS   T4-X

4.26(Swan Corporation; preparing and interpreting a statement of cash flows using a columnar work sheet.)

a.

Balance

Sheet

ChangesOperationsInvestingFinancing

(Increases) Decreases

in Assets

Accounts Receivable$(12,000)$(12,000)

Merchandise Inventories(20,000)(20,000)

Property, Plant and

Equipment(75,000)$(75,000)

Accumulated Depreci-

ation79,00079,000

Increases (Decreases)

in Liabilities and

Shareholders’ Equity

Accounts Payable(25,000)(25,000)

Income Taxes Payable5,0005,000

Bonds Payable(4,000)$(4,000)

Common Stock5,0005,000

Retained Earnings50,00050,000

Increase (Decrease) in

Cash$3,000$77,000$(75,000)$1,000

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