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Based on the Information Provided Below, Complete the Following Worksheet

Question 98

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Based on the information provided below, complete the following worksheet to be used to prepare the statement of cash flows for the Gulp-it-Down Coffee Co.
Based on the information provided below, complete the following worksheet to be used to prepare the statement of cash flows for the Gulp-it-Down Coffee Co. Additional Information: (1.) Net income for the year amounted to $60,000, and cash dividends were declared and paid in the amount of $20,000. (2.) Gulp-it-Down Coffee Co.'s only noncash expense was depreciation which totaled $100,000. (3.) The company purchased plant assets for $140,000. (4.) Notes payable in the amount of $60,000 were issued during the year.
Based on the information provided below, complete the following worksheet to be used to prepare the statement of cash flows for the Gulp-it-Down Coffee Co. Additional Information: (1.) Net income for the year amounted to $60,000, and cash dividends were declared and paid in the amount of $20,000. (2.) Gulp-it-Down Coffee Co.'s only noncash expense was depreciation which totaled $100,000. (3.) The company purchased plant assets for $140,000. (4.) Notes payable in the amount of $60,000 were issued during the year.
Additional Information:
(1.) Net income for the year amounted to $60,000, and cash dividends were declared and paid in the amount of $20,000.
(2.) Gulp-it-Down Coffee Co.'s only noncash expense was depreciation which totaled $100,000.
(3.) The company purchased plant assets for $140,000.
(4.) Notes payable in the amount of $60,000 were issued during the year.

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