Selected financial information follows for Furlotte

Corporation for the year #8451

Selected financial information follows for Furlotte Corporation for the year

Selected financial information follows for Furlotte Corporation for the year ended June 30, 2012:

Cash, July 1......................................................................$ 40,000

Cash paid to suppliers............................................................89,000

Cash paid for equipment.........................................................40,000

Repayment of long-term debt...................................................15,000

Cash dividends paid.............................................................13,000

Cash paid for income tax........................................................20,000

Cash received from customers................................................158,000

Instructions

(a) Prepare a statement of cash flows for Furlotte Corporation for the year ended June 30,
2012.

(b) Comment on the adequacy of cash provided by operating activities to fund the company's
investing activities and dividend payments.

Selected financial information follows for Furlotte Corporation for the year

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