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Problem 1-4A Inc. for the year ended December 31,2017 Presented below is selected financial information for Kingbird, Inventory Cash paid to suppliers Buildings Common stock Cash dividends paid Cash at beginning of period 7,400 $12,000 42,700 103,400 132,400 7,100 Cash received from issuing common stock 21,800 $24,500 Cash paid to purchase equipment 103,900 Equipment 199,800 Service revenue 50,100 Cash received from customers (a) Prepare the statement of cash flows for Kingbird, Inc. (Show amounts that decrease cash flow either with a negative sign preceding the number e.g 15,000 or in parentheses e.g. (15,000).)

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Answer (a):

Kingbird Inc Statement of Cash Flow For the year ended December. 31, 2017 Operating Activities Amount 132,400 $103,900 Cash received from customers Less, Cash paid to suppliers Cash flow from Operating ActivitiesS 28,500 Investing Activities Cash paid to purchase equipment Cash flow from Investing Activities 12,000 12,000 Financing Activities Cash received from issuing common std21,800 cash dividend paid Cash flow from Financing Activities S Change in Cash flow Cash at the beginning of the period $ Cash at the End of the period 7,100 14,700 31,200 7,400 38,600

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