$3$A

The following information comes from the financial records of Slaterville Company:

Cash balance, beginning $$1,500$

Cash paid for dividends $$780$

Cash paid for income taxes $$1,320$

Cash paid to purchase machinery $$1,950$

Cash paid to purchase inventory $$10,800$

Cash paid to repay a loan $$1,000$

Cash collected from customers $$9,000$

Cash received from issuance of new shares of common stock $$1,200$

Cash received from sale of a building $$5,600$

Cash paid for interest $$450$

Using the information, compute the ENDING cash balance for the year.

A $$800$

B $$1,000$

C $$420$

D $$2,000$

E $$570$

$3$B

The following information comes from the financial records of Milford Company.

Cash balance, beginning $$1,500$

Cash paid to purchase inventory $$7,800$

Cash received from sale of a building $$5,600$

Cash paid for interest $$450$

Cash paid to repay a loan $$1,000$

Cash collected from customers $$10,000$

Cash received from issuance of new shares of common stock $$1,200$

Cash paid for dividends $$780$

Cash paid for income taxes $$1,320$

Cash paid to purchase machinery $$1,950$

Using the information, compute cash flow from INVESTING activities.

A Positive $$3,650$

B Positive $$3,200$

C Positive $$4,850$

D Positive $$1,950$

E Positive $$5,800$