Homework Answers
Statement of cash flow
For the year ended December 31,2019
| Cash flow from operating activities | ||
| Cash received from revenues from customers | 551500 | |
| Cash paid for expense | -450000 | |
| Net cash flow from operating activities | 101500 | |
| Cash flow from investing activities | ||
| Cash paid for new equipment | -122000 | |
| Cash flow from financing activities | ||
| Cash issue common Stock | 280000 | |
| Dividend paid | -19500 | |
| Net cash flow from financing activities | 260500 | |
| Net cash flow | 240000 | |
| Beginning Cash | 30000 | |
| Ending Cash | 270000 | |
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This information is for Sheridan Company for the year ended December 31, 2022. Cash received from lenders $22,800 Cash received from customers 45,600 Cash paid for new equipment 27,500 Cash dividends paid 6,800 Cash paid to suppliers 16,900 Cash balance 1/1/22 11,900 (a) Prepare the 2022 statement of cash flows for Sheridan Company. (Show amounts that decrease cash flow either with a negative sign preceding the number eg. -15,000 or in parentheses eg. (15,000).) Sheridan Company Statement of Cash Flows...
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