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$12,000 (7,000) Unknown $5,000 GIL'S FISHING EQUIPMENT, INC. Statement of Cash Flows For the Year Ended December 31, Year 3 Cash flows from operating activities

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$12,000 (7,000) Unknown $5,000 GIL'S FISHING EQUIPMENT, INC. Statement of Cash Flows For the Year Ended December 31, Year 3 Cash flows from operating activities Cash collected from customers Cash paid to suppliers B and employees Cash paid for other operating activities Net cash flow from D operating activities Cash flows from investing activities Cash paid to purchase equipment and other E assets Cash received from F selling equipment and other assets Net cash flow from (used by) investing activities Cash flows from E (45,000) Unknown Unknown G financing activities Cash paid on notes H payable (32,000) Cash paid for dividends (10,000) Net cash flow from (used by) financing Unknown activities Net change in cash K 37,000 during the year Beginning cash, January L Unknown 1. Year Ending cash, December M 122,000 31, Year 3 to answer the following question. What amount is represent Use the information above to answer the following question. What amount is represented by letter in the statement of cash flows? O $22,000 $42,000 ($42,000) ($22,000)

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