Answer the ten $(10)$ questions given the following data:

Assets Liabilities

$2022202320222023$

Cash $ $15,000$ $ $24,000$ Accounts Payable $ $30,000$ $ $20,000$

Accounts Receivable $ $40,000$ $ $37,000$ Salaries Payable $ $5,000$ $ $7,000$

Prepaid Expenses $ $10,000$ $ $15,000$ Current Liabilities $ $35,000$ $ $27,000$

Current Assets $ $65,000$ $ $76,000$

Notes Payable $ $50,000$ $ $70,000$

Fixed Assets $ $105,000$ $ $140,000$

Accumulated Depreciation $ $(25,000)$ $ $(28,000)$ Total Liabilities $ $85,000$ $ $97,000$

Net Fixed Assets $ $80,000$ $ $112,000$

Equity

Common Stock, Par Value $ $4,000$ $ $6,000$

Additional Paid in Capital $ $40,000$ $ $60,000$

Treasury Stock $ $(2,000)$ $ $(4,000)$

Retained Earnings $ $18,000$ $ $29,000$

Total Equity $ $60,000$ $ $91,000$

Total Assets $ $145,000$ $ $188,000$ Total Liabilities & Equity $ $145,000$ $ $188,000$

Information for $2023$:

$1).$ Net Income was $$14,000$

$2).$ Dividends declared and paid were $$3,000$

$3).$ Depreciation Expense was $$7,000$

$4).$ As of Jan $1,2023,4,000$ shares of $$1$ par value common stock were issued.

$5).$ As of Jan $1,2023,1000$ shares were reacquired.

$6).$ Fixed assets that cost $$10,000,$ had accumulated depreciation of $$4,000$ were sold for $$7,000$

$7).1,000$ shares of stock were reacquired during the year.

$8)$ An additional loan of $$20,000$ was taken out during the year.

 

Question $\mathrm{ }$

What is the change in cash in $2023?$

If the amount appears as a positive in the statement of cash flows, enter it as a positive. If it appears as a negative number in the statement of cash flows, enter a negative sign $(-)$ in front of the number. Do not enter any dollar signs or commas. For example, if the number is negative $$4,700,$ enter $-4700.$

 

Question $\mathrm{ }$

What is the change in cash from operations?

If the amount appears as a positive in the statement of cash flows, enter it as a positive. If it appears as a negative number in the statement of cash flows, enter a negative sign $(-)$ in front of the number. Do not enter any dollar signs or commas. For example, if the number is negative $$4,700,$ enter $-4700.$

 

Question $\mathrm{ }$

What is the change in cash from investing activities?

If the amount appears as a positive in the statement of cash flows, enter it as a positive. If it appears as a negative number in the statement of cash flows, enter a negative sign $(-)$ in front of the number. Do not enter any dollar signs or commas. For example, if the number is negative $$4,700,$ enter $-4700.$

 

Question $\mathrm{ }$

What is the change in cash from financing activities?

If the amount appears as a positive in the statement of cash flows, enter it as a positive. If it appears as a negative number in the statement of cash flows, enter a negative sign $(-)$ in front of the number. Do not enter any dollar signs or commas. For example, if the number is negative $$4,700,$ enter $-4700.$

 

Question $\mathrm{ }$

What is the adjustment in operating activities related to the sale of the fixed asset in $2023?$

If the amount appears as a positive in the statement of cash flows, enter it as a positive. If it appears as a negative number in the statement of cash flows, enter a negative sign $(-)$ in front of the number. Do not enter any dollar signs or commas. For example, if the number is negative $$4,700,$ enter $-4700.$

 

Question $\mathrm{ }$

What is the adjustment in operating activities related to the change in A$/$R$?$ in $2023?$

If the amount appears as a positive in the statement of cash flows, enter it as a positive. If it appears as a negative number in the statement of cash flows, enter a negative sign $(-)$ in front of the number. Do not enter any dollar signs or commas. For example, if the number is negative $$4,700,$ enter $-4700.$

$3000$

 

Question  

What is the adjustment in investing activities related to the purchase of fixed assets during $2023?$

If the amount appears as a positive in the statement of cash flows, enter it as a positive. If it appears as a negative number in the statement of cash flows, enter a negative sign $(-)$ in front of the number. Do not enter any dollar signs or commas. For example, if the number is negative $$4,700,$ enter $-4700.$

 

Question 

What is the adjustment in investing activities related to the sale of fixed assets in $2023?$