Question:

What is Garbanzos cash flow from operating activities?

(Note: positive numbers represent cash inflows where negative numbers represent cash outflows)

Garbanzo Industries - Cash Flow Statement Garbanzo Industries Balance Sheet For the year ended Dec 31, 2021 Assets 2021 2020 Cash $75,000 $42,000 Term Deposits 30,000 0 Accounts Receivable (net of allowance) 60,000 30,000 Inventory 120,000 140,000 Prepaid Expenses 9,000 12,000 Land 120,000 80,000 Building 75,000 60,000 Manufacturing Equipment 300,000 280,000 Accumulated Depreciation (165,000) (142,000) Investments 90,000 75,000 Intangible Assets 112,000 88,000 TOTAL ASSETS $826,000 $665,000 Liability / Equity Accounts Payable Wages Payable Unearned Revenue Bonds Payable Share Capital Retained Earnings TOTAL LIABILITIES AND EQUITY $63,000 16,000 35,000 100,500 240,000 371,500 $826,000 $42,000 18,000 60,000 124,860 140,000 280,140 $665,000 income Statement For the year Jan 1 to Dec 31, 2021 Revenue $1,547,000 Cost of Goods Sold $680,150 Depreciation Expense - Building and Manuf'g Equ. 88,000 Amortization Expense Intangible Assets 22,000 Wage Expense 116,000 Interest Expense (From Bond Issue) 19,500 Bad Debt Expense 29,000 Insurance Expense 33,000 Property Tax Expense 28,600 Sales and General Administrative Expenses 56,000 1,072,250 474,750 Gain on Sale of Equipment Loss on Sale of Investments Loss on Sale of Land Net Income Before Tax Income Tax Expense Net Income 32,000 (28,000) (42,000) 436,750 174,750 $262,000 Additional Information: 1) The company exchanged shares for land which had a value of $100,000. 2) The company declared and paid a cash dividend during the year. 3) A portion of the bonds were redeemed during the year. 4) The company disposed of equipment costing $80,000 5) A building addition was paid for with cash. 6) A trade mark (intangible asset) was acquired during the year for cash. 7) During the year, the company acquired $45,000 in investments for cash. 8) The company reports interest as operating activities and dividends paid as financing and dividends received as operating 9) The term deposits have a 30 day maturity