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The following summary transactions occurred during the year for Marigold. Cash received from: Collections from customers $400,000 Interest on notes receivable 16,000 Collection of
The following summary transactions occurred during the year for Marigold. Cash received from: Collections from customers $400,000 Interest on notes receivable 16,000 Collection of notes receivable 64,500 Sale of investments 36,700 Issuance of notes payable 120,000 Cash paid for: Purchase of inventory 180,000 Interest on notes payable 15,000 Purchase of equipment 105,000 Salaries to employees 110,000 Payment of notes payable 35,000 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
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