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Exercise 4-16A Calculate operating cash flows (L04-7) Below are cash transactions for Goldman Incorporated, which provides consulting services related to mining of precious metals. a.

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Exercise 4-16A Calculate operating cash flows (L04-7) Below are cash transactions for Goldman Incorporated, which provides consulting services related to mining of precious metals. a. Cash used for purchase of office supplies. $2,300. b. Cash provided from consulting to customers, $49,600. c. Cash used for purchase of mining equipment, $81.000. d. Cash provided from long-term borrowing. $68,000 e. Cash used for payment of employee salaries, $24.800 1. Cash used for payment of office rent, $12,800. 9. Cash provided from sale of equipment purchased in c. above. $23,300. h. Cash used to repay a portion of the long-term borrowing in d. above, $44,000, 1. Cash used to pay office utilities, $5,100. J. Purchase of company vehicle, paying $10,800 cash. Required: Calculate cash flows from operating activities. (List cash outflows as negative amoun Cash flows from operating activities

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