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Example One: Fitzpatrick Company's calendar-year 2016 balance sheets show a December 31, 2015, cash balance of $114,000, and a December 31,2016 , cash balance of
Example One: Fitzpatrick Company's calendar-year 2016 balance sheets show a December 31, 2015, cash balance of $114,000, and a December 31,2016 , cash balance of $131,600. The income statement shows the following: Net Income, $116,000; Depreciation Expense, $44,000; Amortization Expense, \$7,200; Gain on Sale of Plant Assets, $6,000 (Cost =$106,000, Accumulated Depreciation =$32,000 ). An examination of the company's current assets and current liabilities reveals the following changes (all from operating activities): Accounts Receivable decrease, $17,100; Merchandise Inventory decrease, $42,000; Prepaid Expenses increase, $4,700; Accounts Payable decrease, $8,200;150 ther Payables increase, $1,200. Information about additional transactions during the year: Purchased equipment for $95,000 cash. Issued common stock for $75,000 cash. Paid cash dividend of $11,000. Paid $115,000 cash to settle a note payable at its $115,000 maturity value. Paid $125,000 cash to acquire its treasury stock. \begin{tabular}{|l|l|} \hline Cash flows from investing activities & \\ \hline & \\ \hline & \\ \hline & \\ \hline & \\ \hline & \\ \hline Net cash provided by (used for) investing activities & \\ \hline \end{tabular}
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