Requirement 1. Prepare the statement of cash flows of Dumont Educational Supply for the year ended December 31, 2018. Use the indirect method to report cash flows from operating activities. (Use a minus sign or parentheses for amounts that result in a decrease in cash. If a box is not used in the statement leave the box empty: do not select a label or enter a zero.) Complete the statement one section at a time, beginning with the cash flows from operating activities Dumont Educational Supply Statement of Cash Flows Year Ended December 31, 2018 Cash Flows from Operating Activities: Net Income Adjustments to Reconcile Net Income to Net Cash Provided by (Used for) Operating Activities

Dumont Educational Supply

Cash Flow Statement

For the year ended December 31, 2018

Cash flow from operating activities:

Net income                                                                $61,600

Adjustments to net income:

Net cash flows provided by operating activities     $81,200

Cash flow from investing activities:

Purchase of equipment                                           ($55,100)

Purchase of building                                              ($99,000)

Net cash flows provided by investing activities   ($154,100)

Cash flow from financing activities:

Issuance of common stock                                    $106,000

Issuance of long term notes payable                     $50,000

Payment of cash dividends                                    ($14,200)

Net cash flows provided by financing activities    $141,800

Net cash flows                                                         $68,900            

Cash balance January 1, 2018                                $24,500

Cash balance December 31, 2018                         $93,400

c.

explanation:

regressive tax taxes the poor and less of the wealthy. this the rich get richer and the poor get more poor. this would create a large wealth gap.

a recipe serves 8 people, and calls for 5 lbs of apples and 2 cups of flour. you want to prepare it for 24 people. divide 24 by 8 to get 3, and then multiply your ingredients by 3.

so for 24 people, you'll need 15 lbs of apples, and 6 cups of flour.