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3 pts Question 3 Joe is analyzing cash flows for the investing activities section of the Statement of Cash Flows. Here is some information from
3 pts Question 3 Joe is analyzing cash flows for the investing activities section of the Statement of Cash Flows. Here is some information from the comparative balance sheets for the year: Beginning Balance Beginning Balance Ending Balance PPE $2,500,000 2,800,000 Accumulated Depr on PPE 1,000,000 700,000 If Depreciation expense was $100.000 and there was one purchase of equipment for $1,000,000 cash at the end of the year and equipment was sold for cash during the year at a gain of $50,000 how much would be included in the Statement of Cash flows for "Proceeds from the Sale of Equipment"? (enter whole numbers without dollar signs) 3 pts Question 4 When preparing the Operating Section of the Statement of Cash Flows you have to determine the Cash Paid to Suppliers. Here is the information you have gathered from the balance sheet and income statement. Account Beginning Ending $13000000 Cost of Goods Sold Inventory $3100000 $4500000 Accounts Payable $5000000 $4400000 What amount is reported for "Cash Paid to Suppliers"? (enter whole numbers without dollar signs)
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