Complete the statement of sources and uses of cash from the following entries:
| |
|
|
|
| Net income |
$ |
2,700 |
|
| Dividends |
|
600 |
|
| Additions to inventory |
|
240 |
|
| Additions to receivables |
|
270 |
|
| Depreciation |
|
210 |
|
| Reduction in payables |
|
670 |
|
| Net issuance of long-term debt |
|
420 |
|
| Sale of fixed assets |
|
180 |
|
|
|
|
| | | | Sources | | | Issued long-term debt | | | Sale of fixed assets | | | Cash from operations: | | | Net income | | | Depreciation | | | Total sources | | | Uses | | | Additions to inventory | | | Increase in accounts receivable | | | Decrease in accounts payable | | | Payment of dividends | | | Total uses |
|
Cmmckinney
