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Use the following information to answer the question: Income Statement 2015 2014 Total Revenue $ 905,000 $ 875,000 Cost of Goods Sold $ 470,600 $
Use the following information to answer the question:
Income Statement | ||
2015 | 2014 | |
Total Revenue | $ 905,000 | $ 875,000 |
Cost of Goods Sold | $ 470,600 | $ 420,000 |
SGA Expense | $ 48,000 | $ 45,000 |
Depreciation | $ 125,000 | $ 105,000 |
EBIT | $ 261,400 | $ 305,000 |
Interest Expense | $ 23,750 | $ 20,000 |
Taxable Income | $ 237,650 | $ 285,000 |
Income Taxes | $ 95,060 | $ 114,000 |
Net Income | $ 142,590 | $ 171,000 |
Addition to Retained Earnings | $ 78,668 | |
Dividends | $ 63,922 |
Balance Sheet | ||
Assets | 2015 | 2014 |
Current Assets | ||
Cash | $ 38,000 | $ 45,000 |
Marketable Securities | $ 32,000 | $ 35,000 |
A/R | $ 289,600 | $ 245,000 |
Inventory | $ 425,000 | $ 350,000 |
Total Current Assets | $ 784,600 | $ 675,000 |
Gross Fixed Assets | $ 1,450,000 | $ 1,250,000 |
Accumulated Depreciation | $ 575,000 | $ 450,000 |
Net Fixed Assets | $ 875,000 | $ 800,000 |
Total Assets | $ 1,659,600 | $ 1,475,000 |
Liabilities & Equity | 2015 | 2014 |
Current Liabilities | ||
A/P | $ 103,532 | $ 75,600 |
N/P | $ 18,000 | $ 15,000 |
Total Current Liabilities | $ 121,532 | $ 90,600 |
Long-term Debt | $ 475,000 | $ 400,000 |
Equity | ||
Common Stock | $ 400,000 | $ 400,000 |
Retained Earnings | $ 663,068 | $ 584,400 |
Total Equity | $ 1,063,068 | $ 984,400 |
Total Liabilities & Equity | $ 1,659,600 | $ 1,475,000 |
What is the amount of Total Cash Flow from Investing Activities for 2015? Consider change in marketable securities an investment activity. DO NOT USE DOLLAR SIGNS OR COMMAS IN YOUR ANSWER.
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