Julie's Jewelry Company Income Statement For the Year Ended December 31, 2020 Net Sales $765,000 Cost of Goods Sold Gross Margin (348,000) $417,000 (127,500) Operating Expenses (including Depreciation Expense of $37,500) Operating Income Interest Expense Interest Income $289,500 ($105,000) 0 Divided Income 96,000 Gain on Sale Equipment 37,500 Loss of Sale of Investment (21,000) Total Other Income and Expenses 7,500 Income Before Income Taxes Income Tax Expense $297,000 Net Income (40,500) $256,500 Julie's Jewelry Company Comparative Balance Sheet December 31, 2020 and 2019 Assets 2020 2019 Change Cash $112,500 $10,500 $102,000 Accounts Receivable, net 34,500 46,500 (12,000) Inventory 40,500 21,000 19,500 Prepaid Expenses 6,000 12,000 (6,000) Investments 183,000 184,500 (1,500) Land 285,000 285,000 o Building, net 258,000 270,000 (12,000) Equipment, net 222,000 97,500 124,500 Total Assets $1,141,500 $927,000 $214,500 Liabilities Accounts Payable $255,000 $232,500 $22,500 Accrued Liabilities 57,000 7,500 49,500 Income Taxes Payable 172,500 147 25,500 Bonds Payable 73,500 9,000 64,500 Total Liabilities $558,000 $396,000 $162,000 Stockholders Equity Common stock $382,500 $382,500 O Paid-in Capital in Excess of Par Value 7,500 7,500 O Retained Earnings 193,500 141,000 52,500 Total Stockholders Equity $583,500 $531,000 $52,500 Total Liabilities and Stockholders Equity $1,141,500 $927,000 $214,500 Additional Information: Investments are Long-Term Assets Sold investments for $18,000 (with a carrying value of $39,000) Purchased investments for $37,500 Sold Equipment with a carrying value (i.e., net book value) of $37,500 Purchased equipment for $187,500 Depreciation on equipment for 2020 was $25,500 Depreciation on building for 2020 was $12,000 Bonds are Long-Term Liabilities Issued bonds for $64,500 . . . . Net Cash inflow (outflow) related to Sales on the Statement of Cash Flows for 2020 would be: Net Cash inflow (outflow) related to inventory purchases on the Statement of Cash Flows for 2020 would be: Net Cash inflow (outflow) related to Operating Expenses on the Statement of Cash Flows for 2020 would be: Net Cash inflow (outfiow) related to Taxes on the Statement of Cash Flows for 2020 would be: Cash outfiow related to Dividends (i.e., Cash paid for Dividends) on the Statement of Cash Flows for 2020 would be: What would be the net Cash inflow (outflow) from Investing Activities on the Statement of Cash Flows for 2020? Assume Cash Paid for Dividends in 2020 was $4,000. What would be the net Cash inflow (outflow) from Financing Activities on the Statement of Cash Flows for 2020