Prepare only the section related to Cash Flows from Operating Activities.

Subject: Business    / Accounting

12. The following information is related to Alpha Company’s fiscal year 2017.

Income Statement:

Net Income $3,000,000

Depreciation Expense 500,000

Loss on Sale of Plant Assets 50,000

Interest Expense 5,000

Balance Sheet – 12/31/17: Increase (Decrease)

Accounts Payable ($40,000)

Plant Assets – Purchased 250,000

Plant Assets – Disposals (100,000)

Additional Information:

Common Stock exchanged for outstanding Long Term Notes Payable of $125,000

Dividends paid were $30,000

Use this information to prepare a partial Statement of Cash Flows for Alpha Company. Prepare only the section related to Cash Flows from Operating Activities.

Partial Statement of Cash Flows:
Statement of Cash Flows (Partial)


 

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