Roland Corporation presented the following information which was extracted from its financial statements for the...
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Accounting
Roland Corporation presented the following information which was extracted from its financial statements for the years 2016 and 2015:
| Net income | $48000 |
| Depreciation | $18000 |
| issuance of bonds payable | $44000 |
| payment of dividend | $18000 |
| purchase of equipment | $140000 |
| sale equipment | $74000 |
| increase in inventory | $8000 |
| issuance of common stock | $19000 |
| loss on sale of equipment | $10000 |
| Purchase of Treasury stock | $5000 |
| Increase in accounts payable | $5000 |
| Increase in accounts receivable | $3000 |
| Decrease in accrued liability | $5000 |
Instructions:
1.Prepare a Statement showing the computation of the company's net cash flow provided by operating activities for the year ended December 31,2016.
2.Prepare a statement showing the computation of the company's net cash flow provided by financing activities for the year ended December 31,2016.
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