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Using the financial data in the table below, compute Net Cash Flows from Investing Activities for Investco-1, Inc. for Year-2. Investco-1, Inc. Balance Sheets
Using the financial data in the table below, compute Net Cash Flows from Investing Activities for Investco-1, Inc. for Year-2. Investco-1, Inc. Balance Sheets for the Years Ending December 31, Year-1 Year-2 Cash 6,360 6,720 Accounts receivable 38,160 36,960 Inventory 60,420 67,200 Total current assets 104,940 110,880 Gross fixed assets* 248,040 262,080 (Accumulated depreciation) (47,700) (50,400) Net fixed assets 200,340 211,680 Land 12,720 13,440 Total assets 318,000 336,000 Notes payable 9,540 6,720 Accounts payable 28,620 26,880 Accruals 3,180 10,080 Current portion of LT Debt 22,260 26,880 Total current liabilities 63,600 70,560 Long-term debt 69,960 70,560 Common stock 57,240 60,480 Paid in capital 15,900 16,800 Retained earnings 111,300 117,600 Total liabilities and equity 318,000 336,000 Nash: Attempt 1 Notes payable 9,540 6,720 Accounts payable 28,620 26,880 Accruals 3,180 10,080 Current portion of LT Debt 22,260 26,880 Total current liabilities 63,600 70,560 Long-term debt 69,960 70,560 Common stock 57,240 60,480 Paid in capital 15,900 16,800 Retained earnings 111,300 117,600 Total liabilities and equity 318,000 336,000 Additional Data from Income Statement: Sales Net income Year-1 636,000 12,720 Year-2 672,000 13,440 *No long-term assets were sold in either Year-2 or Year-2 Record your answer as a dollar rounded (if necessary) to the nearest do not include a dollar sign or any commas in your answer. Also, if y negative value, place a hyphen (i.e., -) before your answer with no s - and the number. For example, record negative $23,426.9234 as- . Your Answer: Answer MeeBook
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