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The following information relates to Podrick Inc. for the year 2016: Net Loss $1,800,000 Depreciation expense $9,000,000 Accounts receivable decrease $78,000 Accounts payable increase $199,000
The following information relates to Podrick Inc. for the year 2016:
- Net Loss $1,800,000
- Depreciation expense $9,000,000
- Accounts receivable decrease $78,000
- Accounts payable increase $199,000
- Bought equipment for $160,000 cash
- Issued company stock for $750,000
- Payment of cash dividends $178,000
- Received a loan from the bank for $290,000
What is the net cash flow from financing activities? Denote a net cash inflow with a positive number or a net cash outflow with a negative number.
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