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

4.28(Dickerson Manufacturing Company; preparing and interpreting a statement of cash flows using a T-account work sheet.)

a.DICKERSON MANUFACTURING COMPANY

Statement of Cash Flows

For the Year

Operations:

Net Income$568,000

Additions:

Depreciation 510,000

Loss on Sale of Machinery5,000

Increase in Accounts Payable146,000

Increase in Taxes Payable16,000

Increase in Short-Term Payables138,000

Subtractions:

Increase in Accounts Receivable(106,000)

Increase in Inventory(204,000)

Cash Flow from Operations$1,073,000

Investing:

Sale of Machinery$25,000

Acquisition of Land(36,000)

Acquisition of Buildings and Machinery(1,018,000)

Cash Flow from Investing(1,029,000)

Financing:

Issue of Common Stock$32,000

Dividends Paid(60,000)

Bonds Retired(50,000)

Cash Flow from Financing(78,000)

Net Change in Cash$(34,000)

Cash, January 1358,000

Cash, December 31$324,000

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