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Delphin Company provided the following information for 2014: Collection of principal on long-term loan to a supplier $35,000 Acquisition of equipment for cash $10,000 Proceeds
Delphin Company provided the following information for 2014:
Collection of principal on long-term loan to a supplier | $35,000 |
Acquisition of equipment for cash | $10,000 |
Proceeds from the sale of long-term investment at book value | $27,000 |
Issuance of common stock for cash | $20,000 |
Net income for the year was | $35,000. |
Depreciation expense was | $25,000. |
Redeemed bonds payable | $24,000. |
Paid cash dividends | $9,000. |
Purchased land by issuing bonds payable | $40,000 |
Accounts receivable increased | $5,000. |
Prepaid expenses increased | $4,000. |
Accounts payable increased | $6,000. |
Salaries payable decreased | $3,000. |
The beginning cash balance was | $14,000. |
Required:
- Calculate the amount of cash flows from operating activities using the indirect method.
- How much is cash flows from investing activities?
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