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Neuman Corporation has earned a Net income of $400,000 during the year 2021. Use the following data, and calculate the amount of Cash Flow generated
Neuman Corporation has earned a Net income of $400,000 during the year 2021. Use the following data, and calculate the amount of Cash Flow generated by Operating Activities for the year ended December 31 , 2021 Assets 2020 2021 Cash $45,000 $50,000 Marketable Securities 175,000 160,000 Accounts Receivable 240,000 220,000 Inventories 230,000 275,000 Investments 70,000 55,000 Total current assets $760,000 $760,000 Plant and Equipment 1,300,000 1,550,000 Less Accumulated Amortization 450,000 600,000 Net plant and Equipment $850,000 $950,000 Total Assets 1,610,000 1,710,000 LIABILITIES AND SHAREHOLDERS' EQUITY LIABILITIES AN D SHAREHOLDERS' EQUITY Accounts payable Notes payable Accrued Expenses Income Taxes Payable Bonds Payable (20X6) Common Stock (100,000 shares) Retained Earnings Total Liabilities' and Shareholders' Equity Use the editor to formatyour answer $110,000 65,000 30,000 5,000 800,000 200,000 400,000 51,610, 00 $85,000 10,000 5,000 10,000 900,000 200,000 500,000
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