On Len and Joan Millers personal statements of financial position shown below, identify whether each account is a cash inflow or a cash outflow.

2014 2013 Cash Inflows Cash Outflows

Assets

House $205,000 $136,000

Car 22,000 6,000

Furniture 8,500 7,000

RRSPs 30,000 20,000

Savings bonds 5,000 4,000

Short-term deposits 2,000 2,000

Total assets $272,500 $175,000

Equity $ 111,000 $ 80,000

Liabilities

Mortgage 112,000 79,000

Car loan 24,000 3,000

BMO Bank of Montreal 21,000 11,000

Amex 4,500 2,000

Total liabilities 161,500 95,000

Total equity

and liabilities $272,500 $175,000 $ 97,500 $ 97,500

Indicate under which activity (operating, financing, or investing) the following accounts belong in the statement of cash flows:

Activity

Notes receivable (short-term)

RRSP

Computers

Long-term borrowings

Profit for the year

Notes payable (short-term)

Depreciation/amortization

Inventories

Car