Prepare a statement of cash flows

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Reference no: EM131519275

Question: Tiger Trade has the following cash transactions for the period.

Accounts Amounts

Cash received from sale of products to customers $ 35,000

Cash received from the bank for long-term loan 40,000

Cash paid to purchase factory equipment (45,000)

Cash paid to merchandise suppliers (11,000)

Cash received from the sale of an unused warehouse 12,000

Cash paid to workers (23,000)

Cash paid for advertisement (3,000)

Cash received for sale of services to customers 25,000

Cash paid for dividends to stockholders (5,000)

Required: 1. Calculate the ending balance of cash, assuming the balance of cash at the beginning of the period is $4,000.

2. Prepare a statement of cash flows.

Reference no: EM131519275

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