Question
Balance Sheets For the Years Ending December 31, 2018 2019 Cash 1,500 1,560 Accounts receivable 3,740 4,110 Inventory 10,120 8,760 Current Assets 15,360 14,430 Gross
Balance Sheets
For the Years Ending December 31,
2018
2019
Cash
1,500
1,560
Accounts receivable
3,740
4,110
Inventory
10,120
8,760
Current Assets
15,360
14,430
Gross fixed assets
56,100
64,570
(Accumulated depreciation)
(9,590)
(12,150)
Net fixed assets
46,510
52,420
Land
1,500
10,000
Total Assets
63,370
76,850
Notes payable
1,000
900
Accounts payable
2,260
4,030
Accruals
1,570
1,710
Current portion of long-term debt
470
880
Current Liabilities
5,300
7,520
Long-term debt
37,750
36,850
Common stock (par value = $0.25)
1,000
2,500
Additional paid in capital
4,800
10,660
Retained earnings
14,520
19,320
Total Liabilities & Equity
63,370
76,850
25. Calculate the Cash flows from operating activities for 2019. 26. Calculate the Cash flows from investing activities for 2019. 27. Calculate the Cash flows from financing activities for 2019.
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