Question 1 0.5 pts Use the financial statements (first tab) and other information (second tab) for Nutsy Inc. to answer the following questions regarding the 2020 Statement of Cash Flows. What is the total amount of Cash Provided (Used) by Operating Activities? 896,600 787.000 894,800 6 885,800 . fx Nutsy Inc. B 2020 4,500,000 2,800,000 1,700,000 720,000 100,000 36,000 55,000 10,000 (8,000) 913,000 787,000 2 Statement of Net Income Revenue Cost of Good Sold Gross Profit Operating Expenses Salaries Rent Interest Expense Depreciation 1 Amortization Loss/ (gain) on sale of equipment Total Operating Expenses Net Income 5 Nutsy Inc. Balance Sheet 7 Cash 8 Accounts Receivable, net of bad debt allowance 9 Inventory 0 Pre-paid expenses Total Current Assets 2 Property, Plant and Equipment, net of depreciation 43 Intangible assets, net of amortization Total Non-current assets 25 TOTAL ASSETS 26 Current Liabilities 4 6 2020 3,103,400 850,000 570,000 75,000 4,598,400 2,610,000 100,000 2,710,000 7,308,400 24 B D E 1 2 3 4 2020 4,500,000 2,800,000 1,700,000 2019 4,000,000 2,200,000 1,800,000 2018 3,000,000 1,500,000 1,500,000 5 6 7 B 9 10 600,000 100,000 60,000 40,000 10,000 11 720,000 100,000 36,000 55,000 10,000 (8,000) 913.000 787,000 Nutsy Inc. Statement of Net Income Revenue Cost of Good Sold Gross Profit Operating Expenses Salaries Rent Interest Expense Depreciation Amortization Loss/ (gain) on sale of equipment Total Operating Expenses Net Income Nutsy Inc. Balance Sheet Cash Accounts Receivable, net of bad debt allowance Inventory Pre-paid expenses Total Current Assets Property, Plant and Equipment, net of depreciation Intangible assets, net of amortization Total Non-current assets TOTAL ASSETS 650,000 100,000 36,000 50,000 10,000 5,000 851,000 949,000 12 13 810,000 690,000 10 15 16 18 19 20 2020 3,103,400 850,000 570,000 75,000 4,598,400 2,610,000 100,000 2,710,000 7,308,400 2019 2,193,800 910,000 550,000 100,000 3,753,800 2,620,000 110,000 2,730,000 6,483,800 2018 2,300,000 800,000 500,000 120,000 3,720,000 2,380,000 120,000 2,500,000 6,220,000 21 23 24 25 2019 financial statements Other information SCF2019 SCF2020 acer B C D E 75,000 4,598,400 2,610,000 100,000 2,710,000 7,308,400 100,000 3,753,800 2,620,000 110,000 2,730,000 6,483,800 120,000 3,720,000 2,380,000 120,000 2,500,000 6,220,000 20 Pre-paid expenses 21 Total Current Assets Property, Plant and Equipment, net of depreciation 23 Intangible assets, net of amortization 24 Total Non-current assets 25 TOTAL ASSETS 26 Current Liabilities 22 Accounts Payable 28 Wages Payable Income Taxes Payable 30 Total Current Liabilities 31 Non Current Liabilites 32 Bonds Payable 33 Total Non Current Liabilities Total Liabilities 35 Shareholder's Equity 36 Common Stock, $10 par value Additional Paid In Capital 35 Retained Earnings 39 Total Shareholders Equity 40 TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY 440,000 30,000 157,400 627,400 400,000 50,000 189,800 639,800 300,000 25,000 100,000 425,000 1,200,000 1,200,000 1,827,400 1,200,000 1,200,000 1,839,800 2,000,000 2,000,000 2,425,000 450,000 1,400,000 3,631,000 5,481,000 7,308,400 400,000 1,300,000 2,944,000 4,644,000 6,483,800 400,000 1,300,000 2,095,000 3,795,000 6,220,000 42