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Lowder Inc. provides you with the company's most recent income statement and comparative balance sheets below. The accountant has asked for your help in preparing
Lowder Inc. provides you with the company's most recent income statement and comparative balance sheets below. The accountant has asked for your help in preparing part of the company's 2017 statement of cash flows. All sales and expenses are on account. Property was purchased using cash. Stock was issued for cash. A dividend was declared and paid. 2017 Income Statement Sales Revenue Depreciation Expense Selling and Administrative expenses $9,400 $1,300 $2,650 xpenses Income Before Taxes Income tax expense Net Income $5,450 $1,695 $3,755 Balance Sheet Assets 12/31/17 12/31/16 Cash Accounts Receivable Property, plant & equipment Less: Accumulated Depreciation $2,550 $3,005 $740 $8,700 $7,200 $1,025 $2,560)($1,260 $9,715 Total Assets $9,685 Liabilities and Stockholder's Equity Accounts Payable Income taxes payable Common Stock Retained Earnings $1,560 $1,090 $790$1,120 $4,500 $4,400 $2,865 $3.075 $9,685 Total Liabilities and Stockholders Equity $9,715 Determine the cash flow from operating activities for Lowder Inc. for the year ended December 31, 2017 (enter inflow as a positive number or outflow as a negative number): 8. 9. Determine cash flow from investing activities for Lowder Inc. for the year ended December 31, 2017 (enter inflow as a positive number or outflow as a negative number): 10. Determine cash flow from financing activities for Lowder Inc. for the year ended December 31, 2017 (enter inflow as a positive number or outflow as a negative number)
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