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Using the financial statements provided, Based on Statement of Cash Flows for Comfy Home as of December 31, 2017, to answer questions. Note that in

Using the financial statements provided, Based on Statement of Cash Flows for Comfy Home as of December 31, 2017, to answer questions. Note that in 2017, Comfy Home paid for all purchases of long-term fixed assets with cash. The company did not take out any new loans, but paid off part of an existing loan with cash.

What is Comfy Home's net cash from operating activities? What is Comfy Home's net cash from investing activities? What is Comfy Home's net cash from financing activities?

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A1 X V fix B C D E F G H K L M N OF Q R S T UV W X Y Z AA AB AC AD AE AF AG AH JOC A W N + COMFY HOME COMPANY Balance Sheet As of December 31, 2016 Current Assets: Current Liabilities: Cash $ 110,000 Accounts Payable $ 90,000 Accounts receivable $ 140,000 Salaries and wages payable S 20,000 Inventories $ 310,000 Current portion of bank loan $ 45,000 10 Prepaid expenses 25,000 Deferred revenue $ 15,000 11 Total Current Assets $ 585,000 Total Current Liabilities $ 170,000 13 Non-Current Assets: Non-Current Liabilities: 14 Furniture and fixtures $ 120,000 Bank Loan $ 300,000 15 Buildings and property $ 450,000 Total Non-Current Liabilities $ 300,000 16 (Accumulated Depreciation) S (154,000) Total Non-Current Assets $ 416,000 Owners' Equity: Contributed Capital $ 250,000 Retained earnings $ 281,000 20 Total Equity $ 531,000 22 Total Assets ######### Total Liabilities and Owners' Equity $1,001,000 23 24 25 26 27 COMFY HOME COMPANY COMFY HOME COMPANY 28 Balance Sheet Income Statement 29 As of December 31, 2017 For the year ending December 31, 2017 30 31 32 Current Assets: Current Liabilities: Total Revenue $1,598,000 33 Cash $ 95,000 Accounts Payable Cost of Goods Sold $ 958,000 34 Accounts receivable $ 310,000 Salaries and wages payable $ 192,000 $ 28,000 Gross Profit $ 640,000 35 Inventories $ 358,000 Current portion of bank loan $ 45,000 Salaries and wages $ 195,000 36 Prepaid expenses $ 33,000 Deferred revenue $ 23,000 Marketing expenses S 48.000 37 Total Current Assets $ 796,000 Total Current Liabilities $ 288,000 Selling, General, and Administrative S 93.000 38 Insurance expense S 39.00 39 Non-Current Assets: Non-Current Liabilities: Depreciation expense $ 40,000 40 Furniture and fixtures $ 135,000 Bank Loan $ 255,000 Operating Profit $ 225,000 41 Buildings and property $ 500,000 Total Non-Current Liabilities $ 255,000 Interest $ 27,000 42 (Accumulated Depreciation) $ (194,000) Taxes $ 35,000 43 Total Non-Current Assets $ 441,000 Owners' Equity: Net Income $ 163,000 44 Contributed Capital $ 250,000 45 Retained earnings $ 444,000 46 Total Equity $ 694,000 47 48 Total Assets Total Liabilities and Owners' Equity $1,237,000 49 50 Comfy Home FS + D + 60% Type here to search X 97% y [') ENG 3:41 PM 7/19/2020

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