Assignment Problem: Evaluate the company's cash flows for the year. In your evaluation, mention all three categories
Requirement: Prepare Newman's statement of cash flows for the year ended December 31, 2018. Start by completing the cash flows from operating activities. Then complete each section of the state decrease in cash).
Additional data:
1) Acquisition of plant assets was $156,000. Of this amount, $102.000 was paid in cash and $54,000 was financed by signing a note payable
2) Proceeds from the sale of land totaled S50,000.
3) Proceeds from the issuance of common stock totaled $40,000.
4) Payment of a long term note payable was $20,000.
5) Payment of dividends was $10,000.
6) From the balance sheets.
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Attachment:- Cash flows.rar