$4$

Exercise $4-16($Algo$)$ Calculate operating cash flows $($LO$4-7)$

Below are cash transactions for Goldman Incorporated, which provides consulting services related to mining of precious metals.

$2\mathrm{.}25$ Required:

points

Calculate cash flows from operating activities. $($List cash outflows as negative amounts.$)$

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References

$\backslash$table$[[,\backslash$table$[[$Amount$],[$Included in$],[$Operating Cash$],[$Flows$]]],[$a$.$ Cash used for purchase of office supplies, $$1,750.,],[$b$.$ Cash provided from consulting to customers, $$44,100.,],[$c$.$ Cash used for purchase of mining equipment, $$70,000.,],[$d$.$ Cash provided from long$-$term borrowing, $$57,000.,],[$e$.$ Cash used for payment of employee salaries, $$23,700.,],[$f$.$ Cash used for payment of office rent, $$11,700.,],[$g$.$ Cash provided from sale of equipment purchased in c$.$ above, $$22,200.,],[$h$.$ Cash used to repay a portion of the long$-$term borrowing in d$.$ above, $$38,500.,],[$i$.$ Cash used to pay office utilities, $$4,000.,],[$j$.$ Purchase of company vehicle, paying $$9,700$ cash.,$],[$Cash flows from operating activities,$1]]$