Question 7 5 pts On FlowCash Company's 2021 Statement of Cash Flows - the total for Cash flows from investing activities would be labeled and shown as: Cash Used by Investing Activities. ($25,000) O Cash Provided by Investing Activities... $19,250 O Cash Used by Investing Activities....($5,750) Cash Provided by Investing Activities $24,000 none of the above FlowCash Company Balance Sheet as of December 31 2021 2020 $37,750 41,500 17,000 96,250 75,000 (32,000) 35,000 $174,250 $20,000 14,000 20,000 54,000 50,000 (24,000) 50,000 $130,000 Assets Cash Accounts Receivable Inventory Total Current Assets Equipment Accumulated Depreciation Land Total Assets Liabilities Accounts Payable Income Taxes Payable Total Current Liabilities Long-term Notes Payable Tofal Liabilities Stockholders Equity Common Stock Paid in Capital in Excess Retained Earnings Total Stockholders Equity Total Liabilities and Equity $38,000 3,000 41,000 25,000 66,000 $15,000 8,000 23,000 33,000 56,000 6,000 32,000 70,250 108,250 $174.250 4,000 10,000 60,000 74,000 $130,000 FlowCash Company Income Statement FlowCash Company Income Statement for the Year Ended December 31 2021 2020 Sales $500,000 $450,000 Cost of Goods Sold (200,000) (185,000) Gross Profit 300,000 265,000 Selling & Admin. Expense (225,000) (210,000) Depreciation Expense (8,000) (5,000) Interest Expense (10,000) (8,000) Gain on Sale of Land 4,250 0 Income before Taxes 61,250 42,000 Income Taxes (23,000) (19,000) Net Income $38,250 $23,000 Additional Information: Net Income for 2021 is $38,250. This amount includes the $4,250 gain on the sale of land. New equipment was purchased for cash during 2021 -- no equipment was sold durin Land was sold for $19,250 cash during 2021. The cost of the land was $15,000 with sale of $4,250. Cash was paid to pay-off a portion of the Long-term Notes Payable during 2021. 2,000 shares of $1 par value Common Stock were issued for cash during 2021. The selling price of the Common Stock was $12.00 per share, A cash dividend of $28,000 was declared and paid during 2021. Que Tool Name AT AR Gm na www RE ROC WC 200 3270 21 3000 TO 600 50606 HO 132.000 1000 Aur 1600 Collapse TOTAL ASSETS 30 000 174230 31500 LAATS Aayati Income TowerPayable Las Payable 15 2000 3.000 300 300 58.000 TOYAL LIABILITIES EQUITY Common SCR 66.000 81300 Prostories sharing your screen OGDO TO 000 30.000 1000 "L 3000 1000 100N Q OOO 88 TOTAL LIABILITIES EQUITY Commonsi CER Hind Eige 4800 10.000 0.000 6.000 12000 170250 10526 2.000 32000 1250 Collapse TOTAL EQUITY 7000 TOTAL LIANE QUITY 130.000 174250 Yotal source Tocal Uses Net Sources Use NO Il Procter is sharing your screen AUDI @ OOO GIV