Given the Following Data, Answer the Questions That Follow Additional Information
Question 158
Question 158
Essay
Given the following data, answer the questions that follow. Income Statement For the Year Ended 12/31/Year 2 Additional Information: Net Sales Cost of goods sold Cash operating expenses Depreciation and amortization expense Gain on sale of equipment Net income $1,500,000(800,000)(400,000)(100,000)60,000$260,000 Additional Information: 1. Increase in accounts receiable during Year 2 2. Decrease in inventory during Year 2 3. Inc rease in accounts payable 4. Sale of old equipment tor cash 5. Dividends declared - $90,000; Dw idends paid 6. New building acquired by issuing common shares 7. Sold bonds for cash - proceeds of $40,00030,00044,000130,00080,00084,000150,000 1) What was cash from customers during year 2? 2) What was cash paid to suppliers during year 2? 3) What was net cash inflow from operating activities during year 2? 4) What was net cash inflow (outflow) from investing activities during year 2? 5) What was net cash inflow (outflow) from financing activities during year 2?
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