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What is the net increase in cash and equivalents

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Reference no: EM13341809

Operating Activities:

 

 

Net income-22,214

 

 

Depreciation expense-8,275

 

 

Gain on disposal of long-term assets-415

 

 

Increase in miscellaneous current assets

 

 

Increase in accounts payable-6,590

 

 

Increase in accrued salaries-4,072

 

 

Increase in inventories-7,320

 

 

Increase in income taxes payable-5,608

 

 

Net cash inflow from operating activities

 

 

 

 

 

Investing Activities:

 

 

Purchase of PPE

 

 

Purchase of long-term investments-29,930

 

 

Proceeds from sale of PPE-2,468

 

 

Proceeds from sale of long-term investment-14,077

 

Net cash outflow from investing activities

 

 

 

 

Financing Activities:

 

 

Issue common stock-10,000

 

Reductions of long-term debt-572

 

 

Issue long-term notes-126

 

 

Net cash flow from financing activities

 

 

Net cash flow

 

 

Cash & cash equivalents, 1/1-21,750

 

  21,750

Cash & cash equivalents, 12/31

 

$23,455

Prepare a statement of cash flow using the indirect method.  The acquisition of property and equipment is 31,083. What is the net increase in cash and equivalents and the cash and cash equivalents end of year.

Reference no: EM13341809

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