Ipana Oy is a brewing company founded in 2011 that focuses on special beers. The company employs 35 people and focuses on the Finnish specialty beer market. The company sells beer mainly to restaurants and wholesalers, and currently focuses on increasing direct sales to customers. The company owns its production facility in Kerava, in connection with which the company has considerable storage facilities. In addition, the company rents small office space in Hakaniemi, Helsinki, at a fairly moderate price (3200 €/month). The company produces the successful "Ipana IPA" beer, the sale price of which varies depending on the sales channel, between 2.03€/l and 3.12€/l. The company prefers domestic raw materials, but most of the hops come from international suppliers. Raw material costs have remained at the same level in recent years, around 0.85 €/l. Although demand has increased over the years as a result of successful sales and marketing, the company's management is concerned that the company's turnover is dependent on a single product.

Examine the financial year 1.1.2019 – 31.12.2019. At the beginning of the financial year, Ipana Oy has 200000 litres of raw material in stock. It can be assumed that 1 litre of raw material can produce 1 litre of Ipana IPA. In the finished product warehouse, on the other hand, 150000 liters of Ipana IPA are waiting to be sold. The opening balance sheet for the financial year (1.1.2019) looks as follows:

Assets (€)
Permanent equivalents
-Fixed asset	15000000
Variable assets
- Raw material warehouse	170000
- Ready-made warehouse	127500
-Trade receivables	242000
- Cash in hand and cash equivalents	179000

Liabilities (€)
Equity
-Share capital	9733500
- Accrued earnings	0
- Profit for the period	0
Liabilities
- Long-term loans	5100000
- Maturing loans	800000
-Trade payables	85000

During the financial year, Ipana oy will purchase 10100000 liters of raw material at a price of 0.85 €/l. The company produces a total of 10000000 liters of Ipana IPA during the financial year and manages to sell Ipana IPA 10000000 liters, with an average selling price of €2.42/litre. The other costs of the business total 11110000 €, of which the company's personnel costs are 4444000 € and marketing expenses are 2222000 €. At the end of the financial year, the company has trade receivables of EUR 222640 and trade payables of EUR 97750. The company pays the loans due at the end of the financial year, and at the same time raises a new loan for a total of 650000 €. The total amount of loan maturing in the next financial year is 600000 €. Financiers charge an average interest rate of 6% on the loan capital. The interest rate corresponds to there is also an expected return on debt, while the expected return on equity is 12%. The depreciation for the financial year is 750000 € and the company invested 1200000 € in new production equipment during the financial year. Ipana Oy pays its owners during the financial year dividends worth 2028420 €. The share capital does not change during the financial year. Prices do not include VAT, corporate tax is 20%.

Calculate the cash flow from investing activities of the enterprise (CF_Inv) for the financial year.

Calculate the change in working capital during the accounting period.

Calculate the company's cash flow from operating activities CF for the financial year_Ops.

Calculate the company's cash flow from financing activities for the financial year CF_Fin

Calculate the change in cash and cash equivalents during the period.