Hindsville Company Reported Revenues of $165,000 and Net Income of $20,000

Essay

Hindsville Company reported revenues of $165,000 and net income of $20,000 for 2017.Cash generated by operations was $40,000.In addition,Hindsville Company borrowed $24,000 from a bank.During 2018,Hindsville purchased new equipment for $30,000 cash and paid cash dividends of $15,000 to stockholders.Hindsville's cash balance at the beginning of 2017 was $22,000.
​
A) Identify the amount of cash flows for financing, investing, and operating activities for 2017 by filling in the amounts below. ​
Financing Cash Flows:_________
Investing Cash Flows:_________
Operating Cash Flows:__________ B) Did Hindsville Company's operating activities generate enough cash to cover its investing and financing activities? Explain.
C) How much did Hindswille Company's cash bal ance increase or decrease during 2016 ?