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The balance sheets and some associated income statement data (all amounts are in dollars) for Monvelli, Inc. for the years ending December 31, 2018 and
The balance sheets and some associated income statement data (all amounts are in dollars) for Monvelli, Inc. for the years ending December 31, 2018 and December 31, 2019 are presented in the tables below. Using this information, compute Net Cash Flows from Operating Activities for the company for 2019. Cash Accounts receivable Inventory Total current assets Gross fixed assets (Accumulated depreciation) Net fixed assets Land Total assets 2018 2,000 12.000 19.000 33.000 78.000 (15.000) 63.000 4.000 100,000 2019 2,620 14,410 26,200 43,230 102.180 (19,650) 82,530 5,240 131,000 Notes payable Accounts payable Accruals Current portion of LT Debt Total current liabilities Long-term debt Common stock Paid in capital Retained earnings Total liabilities and equity 3.000 9,000 1.000 7.000 20.000 22.000 18.000 5.000 35.000 100.000 2,620 10.480 3,930 10.480 27.510 27,510 23,580 6,550 45,850 131,000 Additional Data from 2019 Income Statement: Sales in 2019 262.000 Net income in 2019 5,240 Additional Data from 2019 Income Statement: Sales in 2019 262,000 Net Income in 2019 5,240 1) $4,560 2) $4,810 3) $4,790 4) $4,690 5) $4,770
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