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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
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 36,920 37,660 Accounts receivable 221,520 207,130 Inventory 350,740 376,600 Total current assets 609,180 621,390 Gross fixed assets* 1,439,880 1,468,740 (Accumulated depreciation) (276,900) (282,450) Net fixed assets 1,162,980 1,186,290 Land 73,840 75,320 Total assets 1,846,000 1,883,000 Notes payable 55,380 37,660 Accounts payable 166,140 150,640 Accruals 18,460 56,490 Current portion of LT Debt 129,220 150,640 Total current liabilities 369,200 395,430 Long-term debt 406,120 395,430 Common stock 332,280 338,940 Paid in capital 92,300 94,150 Retained earnings 646,100 659,050 Total liabilities and equity 1,846,000 1,883,000 Additional Data from Company Income Statement(s): Sales in Year 2 Net income in Year 2 3,766,000 (18,830) *No long-term assets were sold in either 2020 or 2021 29. What did LebroJames, Inc. report as Net Cash Flow from Operating Activities for Year 2? 30. What did LebroJames, Inc. report as Net Cash Flow from Investing Activities for Year 2? 31. What did LebroJames, Inc. report as Net Cash Flow from Financing Activities for Year 2?
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