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USE THE INFORMATION BELOW TO ANSWER THE FOLLOWING 3 QUESTIONS Proxelo, Inc. Balance Sheets For the Years Ending December 31, Cash Accounts receivable Inventory Current
USE THE INFORMATION BELOW TO ANSWER THE FOLLOWING 3 QUESTIONS Proxelo, Inc. Balance Sheets For the Years Ending December 31, Cash Accounts receivable Inventory Current Assets Gross fixed assets (Accumulated depreciation) Net fixed assets Land 2018 1,500 3,740 10,120 15,360 56,100 (9,590) 46,510 1,500 63,370 2019 1,560 4,110 8,760 14,430 64,570 (12,150) 52,420 10,000 76,850 Total Assets 900 1,000 2,260 1,570 470 Notes payable Accounts payable Accruals Current portion of long-term debt Current Liabilities Long-term debt Common stock (par value = $0.25) Additional paid in capital Retained earnings Total Liabilities & Equity 5,300 37,750 1,000 4,800 14,520 63,370 4,030 1,710 880 7,520 36,850 2,500 10,660 19,320 76,850 Additional Data from 2019 Income Statement: Sales in 2019 Net income in 2019 387,620 27,960 26. Calculate the Cash flows from investing activities for 2019. 27. Calculate the Cash flows from financing activities for 2019
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