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Below are balance sheet and income statement data for Howard Bannister Company. Note: For the balance sheet data, the end-of-year information is in the left

Below are balance sheet and income statement data for Howard Bannister Company. Note: For the balance sheet data, the end-of-year information is in the left column.

Balance Sheet Data

20X2

20X1

Accounts Payable

165

95

Accumulated Depreciation

520

339

Cash

200

100

Common Stock

1,000

700

DIVIDENDS PAYABLE

40

25

Equipment

2,700

2,395

Income Tax Payable

100

135

Inventory

1,120

890

Mortgage Payable

900

1,265

Prepaid General Expenses

300

350

Retained Earnings (ending balance, after closing)

1,545

1,098

Unearned Sales Revenue

50

78

Income Statement Data (for 20X2)

Sales

10,000

Cost of Goods Sold

6,000

General Expenses

2,000

Depreciation Expense

330

Loss on Sale of PPE

100

Income Tax Expense

700

Total Expenses

9,130

Net Income

870

Additional Information:

a. Equipment with a (net) book value of $300 was sold during 20X2.

b. All accounts payable relate to inventory purchases.

c. Equipment costing $160 was purchased with a mortgage during 20X2. This fact is already reflected in the balance sheet numbers reported above. All other purchases of Equipment in 20X2 were cash transactions.

Compute the total CASH FROM INVESTING ACTIVITIES in 20X2

net inflow of $300

net outflow of $343

net outflow of $305

net outflow of $354

net outflow of $394

net inflow of $55

net outflow of $554

net outflow of $105

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