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Company has the following income statement and balance sheet for 12-31-21: Carter Company Income Statement For the year ending December 31, 2021 Sales 1,500 Cost

Company has the following income statement and balance sheet for 12-31-21:

Carter Company

Income Statement

For the year ending December 31, 2021

Sales

1,500

Cost of Goods Sold

600

Gross Profit

900

Operating Expenses

700

Depreciation Expense

5

Operating Income

195

Gain on Sale of Asset

5

Net Income

200

Carter Company

Balance Sheet

As of December 31, 2021 and 2020

2021

2020

Cash

250

100

Accounts Receivable

150

50

Inventory

25

50

Total Current Assets

425

200

Equipment

95

100

Accumulated Depreciation

(25)

(25)

Total Assets

495

275

Accounts Payable (current)

100

75

Bonds Payable (long-term)

120

100

Total Liabilities

220

175

Common Stock

10

10

Retained Earnings

265

90

Total Equity

275

100

Total Liabilities and Equity

495

275

Additional Relevant Information

  • Equipment that cost $20 with accumulated depreciation of $5 was sold for $20.
  • The company borrowed $20 via a bond payable.
  • The company paid $15 for new equipment.
  • The company declared and paid a $25 dividend.

Required

Questions

Answers

What is the cash flow from operating activities?

What is the cash flow from investing activities?

What is the cash flow from financing activities?

What is the net cash increase?

Does your last answer match the increase in cash shown on the balance sheet?

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