LARRYS LOGGING EQUIPMENT, INC.
Statement of Cash Flows
For the Year Ended December 31, Year 3
Cash flows from operating activities
Cash collected from customers	A	$	24,000
Cash paid to suppliers and employees	B		(14,000	)
Cash paid for other operating activities	C		Unknown
Net cash flow from operating activities	D	$	10,000
Cash flows from investing activities
Cash paid to purchase equipment and other assets	E		(90,000	)
Cash received from selling equipment and other assets	F		Unknown
Net cash flow from (used by) investing activities	G		Unknown
Cash flows from financing activities
Cash paid on notes payable	H		(64,000	)
Cash paid for dividends	I		(20,000	)
Net cash flow from (used by) financing activities	J		Unknown
Net change in cash during the year	K		74,000
Beginning cash, January 1, Year 3	L		Unknown
Ending cash, December 31, Year 3	M		244,000

What amount is represented by letter C in the statement of cash flows?

Multiple Choice

• $28,000

• $20,000

• ($28,000)

• $0