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The following selected account balances were taken from ABC Company's accounting recordsduring 2018: January 1, 2018 December 31, 2018 Inventory 41,000 57,000 Accounts payable 46,000
The following selected account balances were taken from ABC Company's accounting recordsduring 2018: January 1, 2018 December 31, 2018 Inventory 41,000 57,000 Accounts payable 46,000 69,000 Long-term notes payable 130,000 165,000 Income tax payable 11,000 7,000 Investments 89,000 68,000 Accounts receivable 83,000 77,000 Land 60,000 89,000 Common stock 100,000 150,000 Retained earnings 29,000 41,000 The following information was taken from ABC Company's 2018 income statement: Sales revenue $415,000 Cost of goods sold 373,000 Gain on sale of investments 11,000 Income tax expense 16,000 Net income $ 37,000
Calculate the net cash flow from financing activities for 2018. If your answer isnegative, place a minus sign in front of your answer with no spaces in between(e.g., -1234). Do not use decimals in your answer.
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