Prepare a statement of cash flows-indirect method The financial statements of Pouchie Co. included the following information for the year ended December 31, 2010 (amounts in millions):
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Depreciation and amortization expense
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$ 520
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Cash dividends declared and paid.
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660
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Purchase of equipment
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1,640
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Net income
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768
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Beginning cash balance.
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240
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Proceeds of common stock issued
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296
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Proceeds from sale of building (at book value)
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424
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Accounts receivable increase.
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32
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Ending cash balance
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80
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Inventory decrease
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76
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Accounts payable increase
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88
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Required:
Complete the following statement of cash flows, using the indirect method:
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Cash Flows from Operating Activities:
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Net income
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$ 768
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Add (deduct) items not affecting cash:
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|
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_______________________________
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_______________________________
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_______________________________
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_______________________________
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Net cash provided (used) by operating activities
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$
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Cash Flows from Investing Activities:
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|
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_______________________________
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_______________________________
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Net cash provided (used) by investing activities
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$
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Cash Flows from Financing Activities:
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$
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_______________________________
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_______________________________
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Net cash provided (used) by financing activities
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$
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Net increase (decrease) in cash for the year.
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$
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Cash balance, January 1, 2010
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240
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Cash balance, December 31, 2010
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$ 80
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