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.
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