ACCT6351 Chapter 10 Homework Solutions PROBLEM 10-1

. SAMPSON COMPANYStatement of Cash FlowsFor Year Ended December 31, 2011Cash flow from operating activities:Cash flow from customers $ 138,000($145,000 – $7,000)Cash payments to suppliers (123,000)($108,000 – $10,000 + $13,000 – $5,000 + $17,000)Cash outflow for other expenses (6,000)Tax payments (12,000)Net cash outflow from operating activities $ (3,000)Cash flows from investing activities:Plant assets increase (15,000)Cash flows from financing activities:Mortgage payable increase $ 11,000Common stock increase 6,000Dividends paid (21,000)Net cash outflow from financing activities (4,000)Net decrease in cash $ (22,000)