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Erda Company had the following transactions for 20X1. Payments of dividends $11,250 Depreciation expense $22,500 Income taxes paid $27,000 Proceeds received from sale of equipment
Erda Company had the following transactions for 20X1. Payments of dividends $11,250 Depreciation expense $22,500 Income taxes paid $27,000 Proceeds received from sale of equipment $225,000 Utilities paid $6,750 Interest paid on note to local bank $5,625 Proceeds from issuance of common stock $56,250 Collections on accounts receivable $337,500 Payments on inventory $168,750 Payments for wages and salaries $78,750 Using the transactions above, compute the net cash flow from OPERATING activities. Positive $50,625 Negative $50,625 Negative $225,000 Positive $523,125 Positive $225,000 Negative $523,125
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