1.Compute net cash flow from operating activities.

2.Compute cash flows from investing activities.

3.Compute net cash flows from financing activities.

USE THE FOLLOWING INFORMATION FOR #20 - : Net income = $114,000 Current year end is 12/31/X7 Comparative balance sheet 12/31/X7 12/31/X6 Cash 247,000 206,000 Accounts receivable 224,000 103,000 Prepaid insurance 6,000 -O- Land 500,000 400,000 Furniture and Fixtures 52,000 52,000 Accumulated Depreciation F&F 32,000 8,000 Equipment -0- 78,000 Accumulated Deprec. Equip. -0- 15,000 Accounts payable 63,000 88,000 Bonds Payable 100,000 -0- Dividends 8,000 -0- Additional Information: Land was purchased for cash. Sold Equipment for $80,000 Original cost of equipment = $78,000 Accumulated depreciation on equipment at BEGINNING of year = $15,000 Current year depreciation expense on the equipment prior to sale = $10,000