alos Mountain Co. has recently decided to go public and has hired you as an independent accountant. One statement that the enterprise is anxious to have prepared is a statement of cash flows. Financial statements of Kalos Mountain Co. for 2020 and 2019 are provided in the given exhibit. The following additional data were provided:

1. During the year, equipment was sold for 24,000. This equipment cost 48,000 originally and had a book value of 32,000 at the time of sale.
2. All depreciation expense is in the selling expense category.

1. Calculate the value of depreciation expense?

2. Calculate the amount of cash received from customers?

3. Calculate the amount of cash paid to suppliers?

4. Calculate the amount of cash paid for interest and taxes?

5. Calculate the net cash flows from investing activities?

6. Calculate the net cash flows from financing activities?