P 144

Thefollowing transactions occurred in the Hubris Corporation during

the yearended December 31, 2020.

a. Netincome $800

b.Depreciation expense $120

c. Increasein wages payable $20

d. Increasein accounts receivable $40

e. Decreasein merchandise inventory $50

f.Amortization of patents $5

g. Paymentof noncurrent borrowings $250

h. Issuanceof common stock for cash $500

i. Paymentof cash dividends $30

Otherinformation: Cash at December 31, 2020 was $1,200.

Required:

1. Preparea statement of cash flows.

2.(Appendix) Prepare a cash flow table. The first two columns are not

necessary.Show that cash effects net to a $1,175 inflow.