Pina Manufacturing has provided the following comparative financial statements:
tabletablePina ManufacturingStatement of Financial PositionAs at December AssetsCash$$Accounts receivable,InventoryPrepaid operating expenses,Long term investments,EquipmentLess: Accumulated depreciation,$$Liabilities and Shareholders' EquityAccounts payable,$$Income tax payable,Bonds payable,Common shares, Depreciation expense of $ is included in the operating expenses. Prepare the operating activities section of the statement of
cash flows, using the direct method. Show amounts that decrease cash flow with either sign eg or in parenthesis
eg
PINA MANUFACTURING
Partial Statement of Cash Flows
December
Cash Flows from Operating Activities
Cash Received from Customers
$
Cash Paid to Suppliers
Cash Paid for Interest
Cash Paid for Taxes
Net Cash Provided by Operating Activities
