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Determine the cashflow for operating and financing

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Reference no: EM132774393

Ballard Company had the following transactions during the current financial reporting period.

Net Profit                                $76,000

Depreciation                          $26,000

Increase in accounts receivable $15,500

Increase in inventories              $23,000

Decrease in accounts payable  $14,000

Decrease in income taxes payable $23,500

Decrease in wages payable      $21,000

Proceeds on Sale of Equipment   $78,000

Repayment of bonds              $54,000

Issuance of Common shares     $32,000

Proceeds on sale of land         $56,000

Loss on sale of land               $5,700

Payment of dividends              $10,700

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

Reference no: EM132774393

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