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A company provides the following information regarding its cash inflows and cash outflows during the year. Beginning cash balance Cash inflows: $30,000 Collections from
A company provides the following information regarding its cash inflows and cash outflows during the year. Beginning cash balance Cash inflows: $30,000 Collections from customers $465,000 Sale of land 80,000 Issuance of common stock 240,000 Borrow from the bank 64,000 Cash outflows: Purchase of inventory Purchase of equipment Payment of dividends Payment of salaries Payment of advertising Purchase of building $216,000 113,000 8,000 55,000 39,000 350,000 Required: 1. Calculate cash flows from operating, investing, and financing activities. 2. Calculate the ending cash balance. W
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