Question

| 11 Comparative balance sheets for 2018 and 2017 and a statement of income for 2018 are given below for Metagrobolize Industries. Additional information from the accounting records of Metagrobolize also is provided. points METACROBOLIZE INDUSTRIES Comparative Balance Sheets December 31, 2018 and 2017 ($ in 000s) Skipped 2018 2017 eBook Print Assets Cash Accounts receivable Inventory Land Building Less: Accumulated depreciation Equipment Less: Accumulated depreciation Patent $ 400 390 540 550 900 (300) 2,600 (367) 1,200 $ 5,913 $ 205 210 360 515 900 (270) 2,270 (340) 1,450 $5,300 References $ $ 640 170 130 390 130 0 Liabilities Accounts payable Accrued expenses payable Lease liability-land Shareholders' Equity Common stock Paid-in capital-excess of par Retained earnings 3,140 750 1,083 $ 5,913 3,000 730 1,050 $ 5,300 METAGROBOLIZE INDUSTRIES Income Statement For the Year Ended December 31, 2018

Answer 1

Statement of cash flow		In $000
Cash flows from operating activities
Collection from customers 2489-(390-210)	2309
Cash outflows
Payment to suppliers
(840+540-360+390-640)	-770
Payment of operating expenses 550+130-170	-510
		1029
Net cash from operating activities		1029
Cash flows from investing activities
Payment of lease liability	-20
Sale of equipment (21-15)	6
Sale of land 40+(515+150-550)	155
Purchase of equipment 2600-(2270-210)	-540
		-399
Net cash used investing activities		(399.00)
Cash flows from financing activities
Payment of Cash Dividend	-435
Payment of lease liability
		(435.00)
Net cash used financing activitie		(435.00)
Net Increase in cash and cash equivalents		195.00
Cash and cash equivalents at beginning of period		205.00
Ending Balance		400.00
Non cash investing and financing activity
$130 thousand of lease liability chad for purchase of land
If any doubt please comment