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The following summary transactions occurred during the year for Marigold. Cash received from: Collections from customers $388,000 Interest on notes receivable 10,000 Collection of notes
The following summary transactions occurred during the year for Marigold.
Cash received from: | |
---|---|
Collections from customers | $388,000 |
Interest on notes receivable | 10,000 |
Collection of notes receivable | 58,000 |
Sale of investments | 34,000 |
Issuance of notes payable | 108,000 |
Cash paid for: | |
Purchase of inventory | 168,000 |
Interest on notes payable | 9,000 |
Purchase of equipment | 93,000 |
Salaries to employees | 98,000 |
Payment of notes payable | 29,000 |
Dividends to shareholders | 1,000 |
Required: Calculate net cash flows from investing activities. (Amounts to be deducted should be indicated with a minus sign.)
MARIGOLD COMPUTER Statement of Cash Flows (partial) For the Year Ended December 31, 2024 Cash flows from investing activities: \begin{tabular}{|l|l|} \hline & \\ \hline \hline & \\ \hline & \\ \hline & \\ \hline \end{tabular} Net cash flows from investing activitiesStep by Step Solution
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