Rooney Company engaged in the following transactions for the year 2016. The beginning cash balance was $28,300 and the ending cash balance was $64,564. 1. Sales on account were $283,000. The beginning receivables balance was $94,700 and the ending balance was $76,700. 2. Salaries expense for the period was $55,240. The beginning salaries payable balance was $3,273 and the ending balance was $1,870. 3. Other operating expenses for the period were $124,110. The beginning other operating expenses payable balance was $4,590 and the ending balance was $8,671. 4. Recorded $19,660 of depreciation expense. The beginning and ending balances in the Accumulated Depreciation account were $14,030 and $33,690, respectively. 5. The Equipment account had beginning and ending balances of $211,370 and $243,470, respectively. There were no sales of equipment during the period. 6. The beginning and ending balances in the Notes Payable account were $52,700 and $149,200, respectively. There were no payoffs of notes during the period. 7. There was $6,217 of interest expense reported on the income statement. The beginning and ending balances in the Interest Payable account were $1,217 and $811, respectively. 8. The beginning and ending Merchandise Inventory account balances were $88,810 and $106,572, respectively. The company sold merchandise with a cost of $153,727 (cost of goods sold for the period was $153,727). The beginning and ending balances in the Accounts Payable account were $9,930 and $12,015, respectively. 9. The beginning and ending balances in the Notes Receivable were $5,000 and $9,700, respectively. Notes receivable result from long-term loans made to employees. There were no collections from employees during the period. 0. "The beginning and ending balances in the Common Stock account were $99,000 and $120,000, respectively. The increase was caused by the issue of common stock for cash. 11. Land had beginning and ending balances of $51,800 and $39,478, respectively. Land that cost $12,322 was sold for $9,090, resulting in a loss of $3,232. 2. The tax expense for the period was $7,760. The Taxes Payable account had a $850 beginning balance and an $783 ending balance. 3. The Investments account had beginning and ending balances of $26,800 and $30,300, respectively. The company purchased investments for $18,000 cash during the period, and investments that cost $14,500 were sold for $24,000, resulting in a $9,500 gain. Complete this question by entering your answers in the tabs below. Required A Required B Determine the amount of cash flow for each item and indicate whether the item should appear in the operating, investing, or financing activities section of a statement of cash flows. Assume Rooney Company uses the direct method for showing net cash flow from operating activities. (Any cash outflow should be indicated by a minus sign. Select "No effect" if there is no effect (i.e., zero variance).) Show less A Amount Statement of cash flows 1. Transactions in Accounts receivable account in Salaries payable account in Other operating expenses payable in Depreciation expense in Equipment account in Notes payable account in Interest payable account in Accounts payable in Notes receivable in Common stock account in Land account in Taxes payable account in Investments account 13 For the Year Ended December 31, 2016 Cash Flows From Operating Activities: Cash Receipts from: $ Total cash inflows Cash Payments for: Total cash outflows Cash Flows from Investing Activities: Cash Flows from Financing Activities