#1. Determining Net Cash Flow from Investing Activities

Orlando Inc. reported the following information:

12/31/2019 12/31/2018

Furniture $46,000 $32,000

Accumulated depreciation 15,900 12,500

Investment (long-term) 38,000 50,000

In addition, Orlando sold furniture costing $22,000 with accumulated depreciation of $16,500 for $6,380. Orlando also reported a $1,100 gain on the sale of long-term investments.

Required:

Compute net cash flow from investing activities. Use a minus sign to indicate negative cash flows (outflows).?

#2. Determining Net Cash Flow from Financing Activities

Madison Company reported the following information:

	12/31/2019		12/31/2018
Notes payable	$95,000		$75,000
Common stock	120,000		80,000
Retained earnings	20,000		36,000

Madison reported net income of $39,000 for the year ended December 31, 2019. In addition, Madison repaid $50,000 of the notes payable during 2019.

Required:

Compute net cash flow from financing activities. Use a minus sign to indicate negative cash flows (outflows)?