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Jacobson Manufacturing Corporation earned $81,000 in profit during 2023. Machinery was sold for $111,000 and a $21,000 loss on the sale was recorded. Machinery purchases

Jacobson Manufacturing Corporation earned $81,000 in profit during 2023. Machinery was sold for $111,000 and a $21,000 loss on the sale was recorded. Machinery purchases totalled $320,000 including a July purchase for which an $88,000 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 2023 2022
Cash $ 114 $ 90
Accounts receivable 206 238
Merchandise inventory 340 320
Machinery 1,450 1,360
Accumulated depreciation (210 ) (230 )
Total assets $ 1,900 $ 1,778
Liabilities and Equity
Accounts payable $ 300 $ 348
Notes payable 288 220
Dividends payable 36 24
Bonds payable 232 326
Common shares 720 580
Retained earnings 324 280
Total liabilities and equity $ 1,900 $ 1,778

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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