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The following 20x5 information relates to Taylor, Inc.: 8 points each. Net Income $365,000 Depreciation Expense 96,000 Amortization of Intangible Assets 11,000 Beginning Accounts Receivable

The following 20x5 information relates to Taylor, Inc.: 8 points each.

Net Income

$365,000

Depreciation Expense

96,000

Amortization of Intangible Assets

11,000

Beginning Accounts Receivable

420,000

Ending Accounts Receivable

439,000

Beginning Inventory

516,000

Ending Inventory

560,000

Beginning Prepaid Expenses

48,000

Ending Prepaid Expenses

42,000

Beginning Accounts Payable

119,000

Ending Accounts Payable

146,000

Purchase of Long-Term Assets for Cash

616,000

Cash from Issuance of Long-Term Debt

200,000

Issuance of Stock for Cash

160,000

Issuance of Stock for Long-Term Assets

110,000

Purchase of Treasury Stock

64,000

Sale of Long-Term Investment at Cost

39,000

Calculate the net cash flows from operating activities. Show your work.

Calculate the net cash flows from investing activities. Show your work.

Calculate the net cash flows from financing activities. Show your work.

Calculate the net change in cash. Show your work.

(In journal Entry Format)

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