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The Hamada Company sales for 2021 totaled $151,000 and purchases totaled $92,000. Selected January 1, 2021, balances were: accounts receivable, $19,600; inventory, $14,300; and accounts
The Hamada Company sales for 2021 totaled $151,000 and purchases totaled $92,000. Selected January 1, 2021, balances were: accounts receivable, $19,600; inventory, $14,300; and accounts payable, $10,200. December 31, 2021, balances were: accounts receivable, $14,800; inventory, $19,100; and accounts payable, $15,000. Net cash flows from these activities were:
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