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USE THE INFORMATION BELOW TO ANSWER THE FOLLOWING 3 QUESTIONS Mellon Company Balance Sheet For the Years Ending December 31, 2017 and 2018 (All figures
USE THE INFORMATION BELOW TO ANSWER THE FOLLOWING 3 QUESTIONS Mellon Company Balance Sheet For the Years Ending December 31, 2017 and 2018 (All figures in dollars) Cash Accounts receivable Inventory Total current assets Gross fixed assets (Accumulated depreciation) Net fixed assets Land Total assets 2017 1,400 7,520 6,450 15,370 102,860 (14,980) 87,880 12,560 115,810 2018 1,820 6,780 7,180 15,780 108,690 (16,460) 92,230 14,860 122,870 Notes payable Accounts payable Accruals Current portion of LT Debt Total current liabilities Long-term debt Common stock Paid in capital Retained earnings Total liabilities and equity 1,870 820 480 6,850 10,020 71,620 8,000 21,480 4,690 115,810 1,960 860 380 8,990 12,190 76,520 7,130 20,410 6,620 122,870 Additional Data from 2018 Income Statement: Sales in 2018 Net income in 2018 479,650 17,260 25. Calculate the Cash flows from operating activities for 2018. 26. Calculate the cash flows from investing activities for 2018. 27. Calculate the cash flows from financing activities for 2018
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