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A & R Problem 161 (Indirect method) Jacobson Mancfocturing Corporation earned $99,000 in profit during 2020 . Machinery was 50 d for $129,000 and a
A \& R Problem 161 (Indirect method) Jacobson Mancfocturing Corporation earned $99,000 in profit during 2020 . Machinery was 50 d for $129,000 and a $39,000 loss on the sale was recorded. Mochinery purchases totalled $410,000 including a July purchase for which an $160.000 promissory note was Issued. Bonds were retired at their face value, and the issuance of new common shares produced an infuslon of cash. Jacobson's comparative balance sheets were as tollows: Required: fEnter omounts in thousands, as per bolence wheet above. List any deduction in cash and cash ovithows and loss as negntive amounth.) 1. What was lacobsor's depieclatoon experlse wit-2020? 1. What was Jacobson's depreclation expense in 2020 ? 2. What was the amount of cash flow from operating activities? 3. What was the amount of cash flow from investing activities? 4. What was the amount of dividends declared? paid? 5. By what amount would you expect the total inflows of cash to differ from the total outflows of cash? 6. Whast was the amount of cash flow from financing activities
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