EFG Enterprises provides the following details for the year ended December 31, 2025:

Account	12/31/2025	12/31/2024
Sales	7,200,000	6,500,000
Cost of goods sold	4,320,000	3,900,000
Selling expenses	720,000	650,000
Administrative expenses	180,000	160,000
Interest expense	70,000	60,000
Gain on sale of asset	40,000	-
Income tax expense	160,000	150,000

Additional information:

1. Depreciation of $240,000 is included in selling expenses and $80,000 in administrative expenses.
2. An asset was sold for $500,000 cash. This asset cost $600,000 and had a carrying value of $460,000.
3. New asset was purchased for $250,000 cash.
4. Declared and paid dividends of $320,000.
5. Purchased 800 treasury shares for $80,000.

Requirements:

1. Compute the cash flows from operating activities.
2. Calculate the cash flows from investing activities.
3. Determine the cash flows from financing activities.
4. Identify the ending cash balance.
5. Reconcile net income to net cash provided by operating activities.