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Amazon Financial Summary for 2022: Income Statement: Sales : $12,000,000 Cost of Goods Sold : $7,800,000 Operating Expenses : $2,500,000 (Depreciation: $300,000) Interest Expense :

Amazon Financial Summary for 2022:

Income Statement:

Sales: $12,000,000

Cost of Goods Sold: $7,800,000

Operating Expenses: $2,500,000 (Depreciation: $300,000)

Interest Expense: $90,000

Gain on Sale of Equipment: $75,000

Income Tax Expense: $220,000

Balance Sheet:

Item

12/31/2022

12/31/2021

Cash

$1,200,000

$800,000

Accounts Receivable

$500,000

$450,000

Inventory

$900,000

$810,000

Accounts Payable

$650,000

$600,000

Additional Information:

Equipment sold for $250,000 (original cost $350,000, carrying value $230,000).

New equipment purchased for $200,000.

Dividends declared and paid: $350,000.

Treasury shares purchased: 1,500 shares for $150,000.

Requirements:

Compute cash flows from operating activities.

Compute cash flows from investing activities.

Compute cash flows from financing activities.

Compute the ending cash balance.

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