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ty Black and Gold Company to prepare the 2009 Statement of Cash Flows You have been hired and The company provides you with its 2009

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ty Black and Gold Company to prepare the 2009 Statement of Cash Flows You have been hired and The company provides you with its 2009 Income Statement as follows: $85,300 Sales Cost of Goods Sold Gross Profit Operating Expense $22,000 Depreciation Expense 3.100 Total Operating Expenses Net Income 51,000) 34,300 (25,100 $ 9,200 You also review the company's 2009 beginning and ending balance sheets and find that the cash balance was $2,000 on 1/1/09. You also find the following changes: Accounts receivable $3,700 increase; Inventory, $4,200 decrease; Accounts Payable (merchandise).$2,900 increase; Accrued Payables (operating expenses), $1,800 decrease. During 2009 the company sold land for $5,500, purchased equipment for $20,000 and issued a note payable for $17,000, all for cash. The company paid dividends of $9,000. 13. What is the amount of cash flow from operating activities? A $4,500 8. $7,700 C $13,900 D. $15,900 14. What is the amount of cash flow from investing activities? A. $2,500 B. ($2,500) C. ($6,500) D. ($14,500) 15. What is the amount of cash flow from financing activities? A. $8,000 B. ($8,000) C. $17,000 D.($17,000) 16. The amount of ending cash (12/31/09) is: A. $7,400 B. $9,400 C. $8,400 D. Not enough information provided

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