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Mellon Company Balance Sheet For the Years Ending December 31, 2015 and 2016 (All figures in dollars) Cash Account receivable Inventory Total current assets Gross
Mellon Company Balance Sheet For the Years Ending December 31, 2015 and 2016 (All figures in dollars) Cash Account receivable Inventory Total current assets Gross fixed assets (Accumulated depreciation) Net fixed assets Total assets 2015 1,800 4,010 10,100 15,910 55,800 (9,760) 46,040 61,950 2016 1,840 4,210 9,450 15,500 63,840 (11,050) 52,790 68,290 Notes payable Accounts payable Accruals Current portion of LT debt Total current liabilities Lont-term debt Common stock Paid in capital Retained earnings Total liabilities and equity 620 2,260 1,600 1,590 6,070 37,250 1,000 4,950 12,680 61,950 1,000 4,130 1,850 1,730 8,710 34,780 1,500 9,460 13,840 68,290 Additional Data from 2016 Income Statement: Sales in 2016 Net income in 2016 238,000 9,980 25. Calculate the Cash flows from operating activities for 2016. 26. Calculate the Cash flows from investing activities for 2016. 27. Calculate the Cash flows from financing activities for 2016
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