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QUESTION 1 Skrillex Inc. had the following current accounts last year. ($000) Beginning Ending Beginning Ending Cash $ 175 $ 238 Accounts payable $205 $182

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QUESTION 1 Skrillex Inc. had the following current accounts last year. ($000) Beginning Ending Beginning Ending Cash $ 175 $ 238 Accounts payable $205 $182 Accounts 1,456 receivable $95 2,207 Accruals 83 Inventory 943 786 Current assets $2,574 $3,231 Current liabilities $300 $265 In addition, the company had sales revenues of $9,430,000 and costs and expenses (including interest and tax) of $7,510,000. Depreciation of $1,449,000 is included in the cost and expense figures. Construct a statement showing Timberline's Cash from Operating Activities, including a detail of changes in balance sheet accounts. Enter your answers in whole dollars, and not in thousands of dollars. Use a minus sign, to indicate any decreases in cash or cash outflows, do not include the "$" Cash Flows From Operating Activities. Net Income $ Depreciation Net change in current accounts Cash flow from operating activities $

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