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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. begin{tabular}{|l|r|r|} hline & Year-1 &
Using the financial data in the table below, compute Net Cash Flows from Investing Activities for Investco-1, Inc. for Year-2. \begin{tabular}{|l|r|r|} \hline & Year-1 & Year-2 \\ \hline Cash & 6,360 & 6,720 \\ \hline Accounts receivable & 38,160 & 36,960 \\ \hline Inventory & 60,420 & 67,200 \\ \hline Total current assets & 104,940 & 110,880 \\ \hline Gross fixed assets & 248,040 & 262,080 \\ \hline (Accumulated depreciation) & (47,700) & (50,400) \\ \cline { 2 - 3 } Net fixed assets & 200,340 & 211,680 \\ \hline Land & 12,720 & 13,440 \\ \hline Total assets & 318,000 & 336,000 \\ \hline & & \\ \hline Notes payable & 9,540 & 6,720 \\ \hline Accounts payable & 28,620 & 26,880 \\ \hline Accruals & 3,180 & 10,080 \\ \hline Current portion of LT Debt & 22,260 & 26,880 \\ \hline Total current liabilities & 63,600 & 70,560 \\ \hline Long-term debt & 69,960 & 70,560 \\ \hline Common stock & 57,240 & 60,480 \\ \hline Paid in capital & 15,900 & 16,800 \\ \hline Retained earnings & 111,300 & 117,600 \\ \hline Total liabilities and equity & 318,000 & 336,000 \\ \hline Additional Data from Income Statement: & \\ \hline Sales & Year-1 & \\ \hline Net income & 12,720 & Year-2 \\ \hline ' No long-term assets were sold in either Year-2 or Year-2 \\ \hline \end{tabular}
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