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Question 6 (2.5 points) The balance sheets and some associated income statement data (all amounts are in dollars) for TruZealand, Inc. for the years ending
Question 6 (2.5 points) The balance sheets and some associated income statement data (all amounts are in dollars) for TruZealand, Inc. for the years ending December 31, 2018 and December 31, 2019 are presented in the tables below. Using this information, compute Net Cash Flows from Financing Activities for the company for 2019. Cash Accounts receivable Inventory Total current assets Gross fixed assets (Accumulated depreciation) Net fixed assets Land Total assets 2018 40,000 240.000 380.000 660,000 1,560,000 (300,000) 1,260,000 80,000 2,000,000 2019 43,860 263,160 416,670 723,690 1,710,540 (328,950) 1,381,590 87,720 2.193,000 Notes payable Accounts payable Accruals Current portion of LT Debt Total current liabilities Long-term debt Common stock Paid in capital Retained earnings Total liabilities and equity 60,000 180,000 20.000 140.000 400,000 440,000 360,000 100,000 700,000 2,000,000 65,790 197,370 21.930 153,510 438,600 482,460 394,740 109,650 767,550 2,193,000 Additional Data from 2019 Income Statement: Sales in 2019 4,386,000 Net income in 2019 87.720
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