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1. Use the following information to calculate operating cash flows: Net Income/(Loss) ($5,000) Increase in accounts receivable 4,000 Cost of Goods Sold 5,000 Decrease in
1. Use the following information to calculate operating cash flows:
| Net Income/(Loss) | ($5,000) |
| Increase in accounts receivable | 4,000 |
| Cost of Goods Sold | 5,000 |
| Decrease in inventory | -3,000 |
| Increase in equipment | 10,000 |
| Increase in accounts payable | 1,000 |
| Increase in bonds payable | 20,000 |
| Depreciation expense | 5,000 |
| Increase in Common Stock | 3,000 |
| Increase/(Decrease) in retained earnings | ($5,000) |
2. Use the following information to calculate financing cash flows:
| Net Income/(Loss) | ($4,000) |
| Increase in accounts receivable | 5,000 |
| Cost of Goods Sold | 5,000 |
| Decrease in inventory | -3,000 |
| Increase in equipment | 10,000 |
| Increase in accounts payable | 4,000 |
| Increase in bonds payable | 10,000 |
| Depreciation expense | 3,000 |
| Increase in Common Stock | 7,000 |
| Increase/(Decrease) in retained earnings | ($5,000) |
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