Tiger Trade has the following cash transactions for the period.

Accounts Amounts

Cash received from sale of products to customers $ 36,500

Cash received from the bank for long-term loan 41,500

Cash paid to purchase factory equipment (46,500)

Cash paid to merchandise suppliers (11,300)

Cash received from the sale of an unused warehouse 12,300

Cash paid to workers (23,300)

Cash paid for advertisement (3,300)

Cash received for sale of services to customers 26,500

Cash paid for dividends to stockholders (5,300)

Assume the balance of cash at the beginning of the period is $4,300.

Required:

1. Calculate the ending balance of cash.

2. Prepare a statement of cash flows.

1. Ending balance of cash is $31400

Explanation:

1.

Balance of cash at the beginning of the period is $4,300

+Cash received from sale of products to customers $ 36,500

+Cash received from the bank for long-term loan 41,500

-Cash paid to purchase factory equipment (46,500)

-Cash paid to merchandise suppliers (11,300)

+Cash received from the sale of an unused warehouse 12,300

-Cash paid to workers (23,300)

-Cash paid for advertisement (3,300)

+Cash received for sale of services to customers 26,500

-Cash paid for dividends to stockholders (5,300)

Balance of cash at the beginning of the period is $31,400

2.

Cash Flow Statement

Cash flow from Operating Activities

Cash received from sale of products to customers $ 36,500

Cash received for sale of services to customers 26,500

Cash paid to merchandise suppliers (11,300)

Cash paid to workers (23,300)

Cash paid for advertisement (3,300)

Total Cash Inflow / outflow from Operating Activity 25,100

Cash flow from Investing Activities

Cash paid to purchase factory equipment (46,500)

Cash received from the sale of an unused warehouse 12,300

Cash paid for dividends to stockholders (5,300)

Total Cash Inflow / outflow from Investing Activity (39,500)

Cash flow from Financing Activities

Cash received from the bank for long-term loan 41,500

Total Cash Inflow / outflow from Financing Activity 41,500

Net cash Inflow / Outflow 27,100

Balance of cash at the beginning of the period is 4,300

Balance of cash at the beginning of the period is 31,400