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USE THE DATA IN THE TABLE BELOW TO ANSWER THE FOLLOWING 3 QUESTIONS NikoJokic, Inc. Balance Sheets for the Years Ending December 31, (All amounts
USE THE DATA IN THE TABLE BELOW TO ANSWER THE FOLLOWING 3 QUESTIONS NikoJokic, Inc. Balance Sheets for the Years Ending December 31, (All amounts are in dollars) Cash Accounts receivable Inventory Total current assets Gross fixed assets* (Accumulated depreciation) Net fixed assets Total assets Year 1 63,800 102,080 663,520 829,400 638,000 (191,400) 446,600 1,276,000 Year 2 52,040 65,050 741,570 858,660 663,510 (221,170) 442,340 1,301,000 Notes payable Accounts payable Accruals Total current liabilities Long-term debt Common stock Capital surplus Retained earnings Total liabilities and equity 102,080 229,680 25,520 357,280 178,640 38,280 382,800 319,000 1,276,000 130,100 247,190 39,030 416,320 91,070 65,050 403,310 325,250 1,301,000 Additional Data from Company Income Statement(s); Sales in Year 2 2,602,000 Net income in Year 2 52,040 No long-term assets were sold in either Year 1 or Year 2 31. What did NikoJokic, Inc. report as Net Cash Flow from Operating Activities for Year 2? 32. What did Niko Jokic, Inc. report as Net Cash Flow from Investing Activities for Year 2? 33. What did Niko Jokic, Inc. report as Net Cash Flow from Financing Activities for Year 2
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