jacobson

acobson Manufacturing Corporation earned $81,000 in profit during 2020 . Machinery was sold for $111,000 and a $21,000 loss on the ale was recorded. Machinery purchases totalled $320,000 including a July purchase for which an $88,000 promissory note was comparative balance sheets were as follows: Required: (Enter amounts in thousands, as per balance sheet above. List any deduction in cash and cash outflows and loss as negative amounts.) 1. What was Jacobson's depreciation expense in 2020 ? 2. What was the amount of cash flow from operating activities? 3. What was the amount of cash flow from investing activities? 4. What was the amount of dividends declared? paid? 5. By what amount would you expect the total inflows of cash to differ from the total outflows of cash? 5. By what amount would you expect the total inflows of cash to differ from the total outflows of cash? 6. What was the amount of cash flow from financing activities