18)

Given the following cash transactions relating to Camarillo Company, (1) what is the net cash flows from financing activities,_(2) net change (increase/decrease) of cash during the year, and (3) ending cash balance using the direct method? Beginning cash balance is $98,200 and ending cash balance is $79,900. 1. Customers paid cash for services received $88,000 2. Purchased new equipment for cash $42,500 3. Made cash payment for rent $6,000 4. Received cash dividends $3,100 5. Purchased 10,000 outstanding common stock shares (treasury stock) for cash $20,000 6. Received cash for selling old equipment $15,500 7. Paid back outstanding notes payable balance $35,000 8. Paid employees salaries and wages in cash $21,400 Responses (1) Net Cash Flows from Financing Activities (2) Net Change (Increase/Decrease) of Cash $ (3) Ending Cash Balance $