Question 1:Calculate cash flow from operating activities using the following information:

• Cash sales: $10,000
• Credit sales: $15,000
• Cash received from prior credit sales: $8,000
• Rent paid: $3,000
• Inventory purchased: $6,000
• Wages paid:$5,000

Question 2:Categorize the following cash flows as to whether they are operating, investing, or financing activities:

• Taxes paid
• Dividends paid to shareholders
• Interest paid on loans
• Dividends received on investments
• Cash sales
• Purchase of new office furniture