The Castillo Company reported operating profits of $60,000, Depreciation expenses of $40,000, Interest expense of $10,000 and paid $10,000 in taxes in 2017. Following are the Companys balance sheets for 2016 and 2017.

C&B CASTILLO COMPANY

2016 2017

Cash $50,000 $5,000

Accounts Receivables 200,000 300,000

Inventories 400,000 480,000

Total Current Assets 650,000 785,000

Gross Fixed Assets 450,000 570,000

Accumulated Depreciation -100,000 -140,000

Net Fixed Assets 350,000 430,000

Total Assets $1,000,000 $1,215,000

Accounts Payable $130,000 $170,000

Accruals 50,000 40,000

Bank Loan 90,000 110,000

Total Current Liabilities 270,000 320,000

Long-Term Debt 300,000 425,000

Common Stock 150,000 150,000

Paid-in-Capital 200,000 200,000

Retained Earnings 80,000 120,000

Total Liabilities & Equity $1,000,000 $1,215,000

1. Calculate Castillos cash flow from operating activities for 2017.

2. Calculate Castillos cash flow from investing activities for 2017.

3. Calculate Castillos cash flow from financing activities for 2017.

4. Prepare a formal statement of cash flows for 2017.