Answer:
Dumont Educational Supply
Cash Flow Statement
For the year ended December 31, 2018
Cash flow from operating activities:
Net income                                 $61,600
Adjustments to net income:
- Depreciation expense $16,800
- Decrease in accounts receivables $5,900
- Increase in accounts payable $1,300
- Increase in inventory ($2,900)
- Decrease of accrued liabilities ($1,500) Â Â Â Â Â $19,600
Net cash flows provided by operating activities   $81,200
Cash flow from investing activities:
Purchase of equipment                      ($55,100)
Purchase of building                        ($99,000)
Net cash flows provided by investing activities  ($154,100)
Cash flow from financing activities:
Issuance of common stock                   $106,000
Issuance of long term notes payable           $50,000
Payment of cash dividends                   ($14,200)
Net cash flows provided by financing activities   $141,800
Net cash flows                             $68,900      Â
Cash balance January 1, 2018 Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â $24,500
Cash balance December 31, 2018 Â Â Â Â Â Â Â Â Â Â Â Â $93,400
