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What is the cash flows from operating activities? What is the cash flows from investing activities? What is the cash flows from financing activities? What

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What is the cash flows from operating activities?

What is the cash flows from investing activities?

What is the cash flows from financing activities?

What is the cash flows from non-cash activities?

The income statement, balance sheets, and additional information for Track Inc. are provided. Track Inc Income Statement For the Year Ended December 31, 2019 Revenues $250,000 Gain on sale of land 4,000 Total revenues 254,000 127,000 Expenses: Cost of goods sold Operating expenses Depreciation expense 25,000 20,000 Interest expense 16,000 Income tax expense 12,000 Total expenses 200,000 Net Income $54,000 Track Inc Balance Sheets December, 31 Assets 2019 2018 Current Assets: Cash $330,000 $187,000 Accounts receivable 83,000 95,000 121,000 138,000 Inventory Prepaid rent Long-Term Assets: 7,000 5,000 Investment in stock 186,000 100,000 Land 160,000 260,000 225,000 295,000 Equipment Accumulated depreciation -120,000 -100,000 Total Assets $1,062,000 $910,000 $40,000 $58,000 1,000 2,000 Liabilities and Stockholders' Equity Current Liabilities: Accounts payable Interest payable Income tax payable Long-Term Liabilities: Notes payable Stockholders' Equity: 12,000 10,000 275,000 205,000 Common stock 410,000 324,000 350,000 285,000 Retained earnings Total Liabilities and Equity $1,062,000 $910,000 Additional Information for 2019: 1. Purchase additional investment in stocks for $86,000. 2. Sell land costing $100,000 for $104,000 resulting in a $4,000 gain on sale of land. 3. Issue common stock in exchange for cash $60,000. 4. Declared and paid a cash dividend of $15,000. 5. Purchase $70,000 in equipment by borrowing $70,000 with a note payable due in three years. No cash is exchanged in the transaction. What is the cash flows from operating activities? What is the cash flows from investing activities? What is the cash flows from financing activities? What is the cash flows from non-cash activities

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