Walters Inc. began operations on January 1, 2019. The following information relates to Walters’cash flows during 2019.Cash received from owners $201,500Cash paid for purchase of land andbuilding 128,700Cash paid for advertising 34,200Cash received from customers 139,800Cash paid to purchase machine $32,000Cash paid to employees for salaries 46,400Cash paid for dividends tostockholders 37,500Cash paid for supplies 28,700Required:1. Calculate the cash provided/used for each cash flow category.2. CONCEPTUAL CONNECTION Comment on Walters’ creditworthiness.

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Financial Transaction Analysis

The transaction analysis is done with the help of the accounting equation. The basic accounting equation is alternatively known as the balance sheet equation is based on the double-entry system which says that for each transaction happening in a business, at least two accounts should be affected I.e. both the debit side and the credit side should be equal. The Accounting Equation is