On January 1, Year 1, Moore, a fast-food company, had a balance in its Cash acco

Question

On January 1, Year 1, Moore, a fast-food company, had a balance in its Cash account of $45,800. During the Year 1 accounting period, the company had (1) net cash inflow from operating activities of $24,800, (2) net cash outflow for investing activities of $16,000, and (3) net cash outflow from financing activities of $6,800. Required a. Prepare a statement of cash flows. (Amounts to be deducted should be indicated with a minus sign.) MOORE COMPANY Statement of Cash Flows For the Year Ended December 31, Year 1 Cash flows from operating activities Cash flows from investing activities Cash flows from financing activities 0 Ending cash balance

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MOORE COMPANY Statement of Cash Flows For the Year Ended December 31, Year 1 Cash flow from operating activities Net cash inflow from operating activities $   24,800 Cash flow from investing activities Net cash outflow for investing activities $ (16,000) Cash flow from financing activities Net cash outflow from financing activities $   (6,800) Net Increase in cash and cash equivalents $      2,000 Cash and cash equivalents at beginning of period $   45,800 Cash and cash equivalents at end of period $   47,800

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