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Construct the cash from operating activities

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Question - The Bogue Street Hotel's current account balances at the beginning and end of the year were as follow:

Current Assets Beg. End Current Liabilities Beg. End

Cash $10,000 $15,000 Accounts payable $52,000 $60,000

Accounts receivable 100000 90000 Wages payable 10500 12000

Food inventory 20000 25000 Interest payable 9000 7500

Prepaid expenses 5000 6000 Taxes payable 5400 7500

Total $135,000 $136,000 Total $76,900 $87,000

In addition, the hotel had total revenue of $3500800, expenses of $2900400, and depreciation of $75200 during the year.

Required - Construct the cash from operating activities section of the SCF.

Reference no: EM132872242

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