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USE THE DATA IN THE TABLE BELOW TO ANSWER THE FOLLOWING 3 QUESTIONS LebroJames, Inc. Balance Sheets for the Years Ending December 31, (All amounts
USE THE DATA IN THE TABLE BELOW TO ANSWER THE FOLLOWING 3 QUESTIONS LebroJames, Inc. Balance Sheets for the Years Ending December 31, (All amounts are in dollars) Year 1 Year 2 Cash 8,360 8,660 Accounts receivable 50,160 47,630 Inventory 79,420 86,600 Total current assets 137,940 142,890 Gross fixed assets* 326,040 337,740 (Accumulated depreciation) (62,700) (64,950) Net fixed assets 263,340 272,790 Land 16,720 17,320 Total assets 418,000 433,000 Notes payable 12,540 8,660 Accounts payable 37,620 34,640 Accruals 4,180 12,990 Current portion of LT Debt 29,260 34,640 Total current liabilities 83,600 90,930 Long-term debt 91,960 90,930 Common stock 75,240 77,940 Paid in capital 20,900 21,650 Retained earnings 146,300 151,550 Total liabilities and equity 418,000 433,000 Additional Data from Company Income Statement(s): Sales in Year 2 866,000 12,990 Net income in Year 2 * No long-term assets were sold in either 2020 or 2021 34. What did LebroJames, Inc. report as Net Cash Flow from Operating Activities for Year 2? 35. What did LebroJames, Inc. report as Net Cash Flow from Investing Activities for Year 2? 36. What did LebroJames, Inc. report as Net Cash Flow from Financing Activities for Year 2
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