Questions 14 thru 18 use the following information: Income Statement for the year Balance Sheet as of 12/31/2008 Balance Sheet as of 12/31/200 2009 Sales 345,000 Cost of Goods Sold 185,000 Cash 24,000 A/R 52,000 Inventory 25,000 Machinery Equipment (net) 385,000 Real Estate 25,500 Intellectual Property 25,000 65,000 65,000 32,000 325,000 25,500 25,000 Operating Margin 160,000 Selling, General and Administrative Expense 28,000 Total Assets 536,500 537,500 Depreciation and Amortization of Goodwill 42,000 A/P Long Term Debt 68,000 210,000 58,000 185,000 Interest Expense 21,000 Gross Profit 69,000 Total Debt 278,000 243,000 Taxes 12,735 Equity 258,500 294,500 Net Income (earnings) 56,265 Total Debt + Equity 536,500 537,500 Points 14 How much cash was used/supplied by Long Term Financing Activities? 15 How much cash was used/supplied by inventory? 3% 16 How much cash was used/supplied by Machinery? How much cash was used/supplied by A/R? 3% 18 How much cash was used/supplied by AIP? 15% Questions 14 thru 18 use the following information: Income Statement for the year Balance Sheet as of 12/31/2008 Balance Sheet as of 12/31/200 2009 Sales 345,000 Cost of Goods Sold 185,000 Cash 24,000 A/R 52,000 Inventory 25,000 Machinery Equipment (net) 385,000 Real Estate 25,500 Intellectual Property 25,000 65,000 65,000 32,000 325,000 25,500 25,000 Operating Margin 160,000 Selling, General and Administrative Expense 28,000 Total Assets 536,500 537,500 Depreciation and Amortization of Goodwill 42,000 A/P Long Term Debt 68,000 210,000 58,000 185,000 Interest Expense 21,000 Gross Profit 69,000 Total Debt 278,000 243,000 Taxes 12,735 Equity 258,500 294,500 Net Income (earnings) 56,265 Total Debt + Equity 536,500 537,500 Points 14 How much cash was used/supplied by Long Term Financing Activities? 15 How much cash was used/supplied by inventory? 3% 16 How much cash was used/supplied by Machinery? How much cash was used/supplied by A/R? 3% 18 How much cash was used/supplied by AIP? 15%