Current year cash receipts and disbursements for the Walker Aquarium appear below (in thousands).
1. Unrestricted cash contributions, $6,000.
2. Collections of documented promises, $65.
3. Cash endowments donor-restricted in perpetuity, $45.
4. Grant received from a private trust, restricted to special programs, $500. $425 is spent on these programs.
5. Cash paid to acquire equipment, $200. 6. Cash invested in securities, $150. Cash received from the sale of securities, $35. 7. Donor-restricted cash accumulated in prior years, spent for programs: $150; spent for equipment, $125. 8. Program, fund-raising and administrative expenses were $5,700; accounts payable increased $40 during the year, and depreciation included in expenses was $50. 9. Investment income was $25; included was $5 in unrealized gains.
Required
Prepare a statement of cash flows for Walker Aquarium, in good form. The beginning cash balance was $120, and the direct method is used for cash from operating activities.
Use negative signs with any answers that decrease (reduce) cash balance.
| Walker Aquarium Statement of Cash Flows |
||
|---|---|---|
| (in thousands) | ||
| Cash flows from operating activities | ||
| Contributions | Answer | |
| Grant | Answer | |
| Investment income | Answer | |
| Program expenditures | Answer | |
| Net cash from operating activities | Answer | |
| Cash flows from investing activities | ||
| Equipment purchases | Answer | |
| Investment purchases | Answer | |
| Sale of investments | Answer | |
| Net cash used for investing activities | Answer | |
| Cash flows from financing activities | ||
| Endowments | Answer | |
| Net cash from financing activities | Answer | |
| Increase in cash | Answer | |
| Beginning cash balance | Answer | |
| Ending cash balance | Answer | |
