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France Consulting has the following cash transactions for the period. Solve for the four missing amounts in the middle column of the table titled Amount

France Consulting has the following cash transactions for the period.

  1. Solve for the four missing amounts in the middle column of the table titled Amount.
  2. Identify whether each cash transaction (a. h.) represents an inflow or an outflow of cash in the far right column of the table titled Inflow or Outflow?

Activity Amount Inflow or Outflow?

a. Cash received from providing consulting services

$275,000
b. Cash paid for interest on debt 15,000
c. Cash paid for income taxes 45,000
d. Cash paid for salaries 150,000
Cash flows from operating activities
e. Cash received from the sale of investments 7,000
f. Cash paid for computing equipment 40,000
Cash flows from investing activities
g. Cash received from a loan 300,000
h. Cash paid to repurchase stock 60,000
Cash flows from financing activities
Net change in cash flows

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