Jacobson Manufacturing Corporation earned $96,000 in profit during 2017. Machinery was sold for $126,000 and a $36,000 loss on the sale was recorded. Machinery purchases totalled $395,000 including a July purchase for which an $148,000 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 Corporation
Comparative Balance Sheet Information
(in thousands)
	December 31
Assets	2017			2016
Cash	$	189		$	135
Accounts receivable		281			358
Merchandise inventory		460			395
Machinery		2,200			2,110
Accumulated depreciation		(360)			(380)
Total assets	$	2,770		$	2,618
Liabilities and Equity
Accounts payable	$	715		$	813
Notes payable		408			295
Dividends payable		66			54
Bonds payable		262			371
Common shares		920			730
Retained earnings		399			355
Total liabilities and equity	$	2,770		$	2,618

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 2017?

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?