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Johnston Enterprises Balance Sheet: Johnston Enterprises Balance Sheet and Income Statement Data December 31 December 31 Current Assets Casti 5153.000 5119.000 Accounts Receivable 238.000 308.000

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Johnston Enterprises Balance Sheet: Johnston Enterprises Balance Sheet and Income Statement Data December 31 December 31 Current Assets Casti 5153.000 5119.000 Accounts Receivable 238.000 308.000 Inventory 34000 Total Current Assets 762.000 765.000 Property. Pantandowment 1.241.000 1122.000 Less Accumulated Depreciation 1476.0001 Total Assets 51.547000 $1.445.000 Current Labe Accounts Payable $167.000 $107.000 Notes Payable 51.000 60.000 Income Taxes Payable 76.500 Total Current Liabilities 323.000 246.500 lords Payable Total abilities Stockholifens' Equity 510.000 467.500 Common Stock Retained Emines -374.000 Toul Stockhoden 85.000 2500 Totalbes & Stockholders 517.000 Sales Revenue 1,615,000 $1.513,000 Less Cost of Goods Sold 751000 731,000 Gross Profit 864.000 782,000 Expenses: Depreciation Expense 153,000 136,000 Salaries and Wages Expense 391000 357,000 Interest Expense 34,000 34.000 Loss on Sale of Equipment 12.000 0 Income Before Taxes 274,000 255,000 Less Income Tax Expense 110.000 102.000 Net Income $164.000 $153.000 Additional Information: During the year, Johnston sold equipment with an original cost of $153,000 and accumulated depreciation of $119,000 and purchased new equipment for $272,000. Hint: Use your knowledge of Retained Earnings to compute the amount of Dividends paid (if any) by the company, Assume there were no adjustments to Answer the following questions and show your computations: 1. What was the company's Net cash used or provided by operating activities? 2. What was the company's Net cash used or provided by investing activities? 3. What was the company's Net cash used or provided by financing activities

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