4c

04. Use Anon Co's financial information given below, to answer questions 4a, b, c&d. Show plausible calculations to get credit. Anon Co. Balance Comparative Balance Sheets 2015 2014 REN *** +++ Assets CAS Accounts receivable Merchandise inventory Prepaid expenses Total cutten asser Equipment Acum depreciation Equipment Tot se $123,450 77.100 240 600 15 100 456.250 252 250 110.7509 $607.750 $ 61,550 80.750 250,700 17 000 410,000 200,000 195.000 5515.000 AnonCo. Income Statement for Year ending Dec 31 2015 Sales 51.185.000 Cost of goods sold 595,000 Gross profit 590,000 Operating expenses Depreciation expense $ 38,600 Other expenses 362,850 Total operating expenses 401,450 188,550 Other gains losses Loss on sale of equipment 12.100) Income before the 186,450 income taxes expense 28.350 Netticate ELE 158.100 Labilities and Equity Recent yable Shion de noters payable Torture Long-term not payable Totes $ 172250 16.000 32.750 100,000 132.750 $102.000 10.000 112.000 27500 189,500 0) Sold old equipment costing $51,000 for a loss of $2 100. (0) Purchased new equipment costing $113,250, signing a note for $70,000 and paying the balance in cash. (iii) Paid cash dividends 245.000 200.000 Equity Common S 55 Pald co Red TS 000 2010 360 12.5 15 4a. Calculate Cash collected from customers i mana 4c. Calculate net cash flow from Investing Activities (1% marks) 4c. Answer State clearly whether this was a net inflow or outflow. The amount was a net