hulluuts payable $770,000. 2. Issuance of common stock $250,000. 4. Collection of note receivable $100,000...
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hulluuts payable $770,000. 2. Issuance of common stock $250,000. 4. Collection of note receivable $100,000 3. Payment of dividends $350,000. 5. Issuance of bonds payable $510,000. 6. Purchase of treasury stock $46,000 Compute the amount Stansfield should report as net cash provided (used) by financing activities in its 2017 statement of cash flows. BE23-4 (L02,3) Bloom Corporation had the following 2017 income statement. Sales revenue $200,000 Cost of goods sold 120,000 Gross profit 80,000 Operating expenses (includes depreciation of $21,000) 50,000 Net income $ 30,000 The following accounts increased during 2017: Accounts Receivable $12,000, Inventory $11,000, and Accounts Payable $13,000. Prepare the cash flows from operating activities section of Bloom's 2017 statement of cash flows using the direct method. BE23-5 (L02,3) Use the information from BE23-4 for Bloom Corporation. Prepare the cash flows from operating activities section of Bloom's 2017 statement of cash flows using the indirect method. BE23-6 (L03) At January 1, 2017, Eikenberry Inc, had accounts receivable of $72,000. At December 31, 2017, accounts receivable is $54,000. Sales revenue for 2017 total $420,000. Compute Eikenberry's 2017 cash receipts from customers. BE23-7 (L03) Moxley Corporation had January 1 and December 31 balances as follows. 1/1/17 12/31/17 Inventory $95,000 $113,000 Accounts payable 61,000 69,000 For 2017, cost of goods sold was $500,000. Compute Moxley's 2017 cash payments to suppliers. BE23-8 (L02) In 2017, Elbert Corporation had net cash provided by operating activities of $531,000, net cash used by investing tivities of $963,000, and net cash provided by financing activities of $585,000. At January 1, 2017, the cash balance was $333,000, Compute December 31, 2017, cash. Corneration had the following 2017 income statement

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