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The following information is available for XYZ Company: January 1, 2016 December 31, 2016 ASSETS Cash Accounts receivable Supplies $31,000 74,000 10,000 50,000 20,000 6,000
The following information is available for XYZ Company: January 1, 2016 December 31, 2016 ASSETS Cash Accounts receivable Supplies $31,000 74,000 10,000 50,000 20,000 6,000 $20,000 80,000 7,000 40,000 36,000 8,000 6,000 Equipment Accumulated depreciation Patent LIABILITIES EQUITY Accounts payable Short-term notes payable Salaries payable Common stock Retained earnings $15,000 22,000 17,000 40,000 85,000 $19,000 13,000 1 , 000 50,000 98,000 During 2016, XYZ Company paid dividends of $12,000, recorded depreciation expense of $2,000, and sold land costing $10,000 for $17,000 caslh Using the indirect method, calculate the net cash flow from operating activities for 2016. If your answer is negative, place a minus sign in front of your answer with no spaces in between (e.g., -1234)
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