Determine the cashflow for operating

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Red Corporation had the following transactions during the current financial reporting period.

Net Income $62,300

Payment of dividends $8,300

Sale of Equipment $43,000

Issuance of Common shares $85,000

Increase in accounts payable $28,600

Depreciation $11,500

Decrease in Investment in Bonds $39,500

Decrease in accounts receivable $12,500

Repayment of bonds $23,000

Gain on sale of land $8,500

Increase in inventories $7,900

Purchase of land $122,000

Required:

Problem 1: Determine the cashflow for Operating, Financing and Investing activities for the company and calculate the net change in cash.

Reference no: EM132992462

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