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ABC Company has completed the basic format to be used in preparing the statement of cash flows (indirect method). Listed below in random order
ABC Company has completed the basic format to be used in preparing the statement of cash flows (indirect method). Listed below in random order are line items to be included in the statement of cash flows. Purchase of equipment Decrease in inventory Increase in prepaid rent Payment of dividends Depreciation expense Increase in accounts receivable Increase in accounts payable $ 2,220 263 85 360 174 510 200 Gain on sale of land 126 Net income 1,180 Repayment of notes payable 483 Cash received from the sale of land 52 Issuance of common stock 2,500 Required: What is the net cash provided by operating activities? $1,096 Inflow $1,348 Inflow $570 Inflow $474 Inflow What is the net cash provided by investing activities? $2,168 outflow $2,294 outflow $1,994 outflow $2,120 outflow What is the net cash flow by financing activities? $1,657 Inflow $2,017 Inflow $2,140 Inflow $2,500 Inflow
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