Question
The financial manager of BuzzBreaker Inc., a thriving social media platform, has heard you took Taj's class and are now an expert in preparing cash
The financial manager of BuzzBreaker Inc., a thriving social media platform, has heard you took Taj's class and are now an expert in preparing cash flow statements. They have reached out to you for assistance in preparing the statement of cash flows for the year ended December 31,
2021. You will be using the indirect method, and have gathered the following data from the company's accounting records:
Principal payments on non-current debt
Acquisition of equipment by issuing a non-current note payable
Depreciation expense
Gain on sale of long-term investments recorded on the income statement
Increase in accounts receivable
Decrease in accounts payable
Payment of cash dividends
Net income
Cash sales
$49,000
$71,000
$74,000
$5,500
$7.500
$31,200
$45,200
$146,800
$219,300
Calculate the net cash flows from operating activities. Record a net cash inflow as positive (eg. 1000) and a net cash outflow as negative (i.e. -1,000). Do not round intermediary answers. Round your final answer to the nearest dollar. Do not use $ signs in your final answer.
Answer:
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