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Jacobson Manufacturing Corporation earned $ 8 7 , 0 0 0 in profit during 2 0 2 3 . Machinery was sold for $ 1

Jacobson Manufacturing Corporation earned $87,000 in profit during 2023. Machinery was sold for $117,000 and a $27,000 loss on the sale was recorded. Machinery purchases totalled $350,000 including a July purchase for which an $112,000 promissory note was issued. Bonds were retired at their face value, and the issuance of new common shares produced an infusion of cash. Jacobsons comparative balance sheets were as follows:
Jacobson Manufacturing Corporation
Comparative Balance Sheet Information
(in thousands)
December 31
Assets 20232022
Cash $ 144 $ 108
Accounts receivable 236286
Merchandise inventory 388350
Machinery 1,7501,660
Accumulated depreciation (270)(290)
Total assets $ 2,248 $ 2,114
Liabilities and Equity
Accounts payable $ 466 $ 534
Notes payable 336250
Dividends payable 4836
Bonds payable 244344
Common shares 800640
Retained earnings 354310
Total liabilities and equity $ 2,248 $ 2,114
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 Jacobsons depreciation expense in 2023?
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?
6. What was the amount of cash flow from financing activities?

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