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What did StepCurry, Incorporated report as Net Cash Flow from Operating Activities for Year 2 ? 2 4 . What did StepCurry, Incorporated report as

What did StepCurry, Incorporated report as Net Cash Flow from Operating Activities for Year 2?
24. What did StepCurry, Incorporated report as Net Cash Flow from Investing Activities for Year 2?
25. What did StepCurry, Incorporated report as Net Cash Flow from Financing Activities for Year 2?
Year 1 Year 2
Cash 5,0405,460
Accounts receivable 30,24030,030
Inventory 47,88054,600
Total current assets 83,16090,090
Net fixed assets*168,840182,910
Total assets 252,000273,000
Notes payable 7,5605,460
Accounts payable 22,68021,840
Accruals 2,5208,190
Total current liabilities 32,76035,490
Long-term debt 60,48057,330
Common stock 52,92062,790
Capital surplus 12,60016,380
Retained earnings 93,240101,010
Total liabilities and equity 252,000273,000
546,000
10,920
20,160
24,570
StepCurry, Incorporated
Balance Sheets for the Years Ending December 31,
* No long-term assets were sold in either Year 1 or Year 2
Sales in Year 2
Net income in Year 2
Depreciation expense in Year 1
Depreciation expense in Year 2
Additional Data from Company I

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