Problem #2. Cash Flow (20 points) CWH (unrelated to Problem A) provides you with comparative statements of financial position and some additional information. Using the indirect method, calculate cash flow from operating activities. Then as best you can, calculate cash inflow/outflow from Investing activities and from Financing activities (you'll need to make assumptions, you do not have complete information and it isn't available). 2020 2021 Cash 5,000 $17,000 Accounts receivable 45,000 35,000 Inventory. 72.000 63.000 Total current assets. 122,000 115,000 Land Buildings. Equipment Accumulated Depreciation Net PP&E Patents.... Total Assets 100,000 5,000,000 12,000,000 (4.000.000) 13.100.000 7,000,000 $20.222.000 100,000 6,000,000 21,000,000 (4.750,000 22.350.000 5.800.000 $28,265,000 Accounts payable.. Accrued expenses Income taxes payable Total current liabilities Long term debt Common stock.. Retained earnings Total Liabilities and Equity 28,000 25,000 12,000 65,000 12,000,000 1,500,000 6,657.000 $20,222,000 $ 45,000 60,000 25.000 130,000 17,000,000 2,000,000 9.135.000 $28.265,000 [NOTE: I have posted an Excel spreadsheet with the above information for your use, if you wish. 11 you do that, please just cut and paste a copy into your word submission. Make sure it's easily readable.) Additional information provided: Net income - $2,650,000 Dividends were declared and paid during the year. The person you spoke to doesn't remember how much Depreciation expense = $750,000 Make reasonable assumptions as need be. Required (your answer does not need to be a perfectly formatted cash flow statement). Show your work. an answer without support is not sufficient. 1. Calculate cash flow from operating activities, showing your complete calculation 2. Calculate cash provided by/used in investing activities (you'll need to make some assumptions) 3. Calculate cash provided by used in financing activities (again, you'll need to make some assumptions) 4. Show that the sum of the three cash flow numbers is equal to the change in cash