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Star Inc.'s balance sheet accounts as of December 31, 2014 and 2015, and information relating to 2015 activities, are presented below. December 31 2015 2014
Star Inc.'s balance sheet accounts as of December 31, 2014 and 2015, and information relating to 2015 activities, are presented below. December 31 2015 2014 Assets Cash $1,276,500 $484,500 Accounts receivable, net 1,260,000 991,000 Prepaid expenses 324,500 326,000 Investments (held for trading). 589,500 0 Property, plant & equipment (PPE). 831,000 857,000 Accumulated depreciation, (631,500) (582,500) Trademark, net 628,000 635,000 Total assets $4,278,000 $2,711,000 Liabilities and shareholders' equity Accounts payable $628,000 $281,000 Income tax payable 425,000 374,000 Unearned revenue 147,000 280,000 Bonds payable 1,225,500 609,500 Common shares 462,500 429,000 Retained earnings 1,390,000 737,500 Total liabilities and shareholders' equity $4,278,000 $2,711,000 Information relating to 2015 activities: Cash dividends of $7,500 were declared and paid in 2015. Machinery costing $400,000 and having a carrying amount of $200,000 was sold for $150,000. HET investments consist of treasury bills maturing on February 15, 2016. Changes in other balance sheet accounts resulted from usual transactions and events. Bonds payable were all issued at face value. Please make sure your final answer(s) are accurate to the nearest whole number. Determine the following amounts for Star Inc. for the year 2015: a) Net cash from operating activities (indirect method) Net cash from operating activities (indirect method) = $ b) Net cash from investing activities Net cash from investing activities = $ c) Net cash from financing activities Net cash from financing activities = $
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