Course Hero The income statement for 2021 is as follows: The income Statement for 2021 is as follows: Sales revenue $198,000 Cost of sales 108,900 Gross profit 89,100 Operating expenses 69,000 Net income $20,100 Other Facts: Included in operating expenses: Depreciation Expense 7500 Vehicle expense 2800 Interest Expense 15600 Gain on Sale of Asset 5000 Pension Contribution 7500 Other: Dividends 13800 Cash Rec'd From Sale of Assets 35000 Basis of Assets Sold 30000 PREPARE A PERFECT CASH FLOW STATEMENT

See answer and explanation below.

Explanation:

Course Hero

Cash Flow Statement for 2021

Details                                                            $                      $

Net income                                               20,100

Depreciation expenses                             7,500

Gain on Sale of Asset                               (5,000)

Net cash from operating activities                                 22,600

Cash flows from investing activities:

Cash Rec'd From Sale of Assets             35,000

Net cash flows from Investing activities                        35,000

Cash flows from financing activities:

Dividends                                                   (13,800)

Net cash from financing activities                                   13,800

Increase / (Decrease) in cash                                         43,800  

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