XYZ COMPANIES Income and Expense Statement for the year ending December 31, 2022 Sales $2,242,622 Cost of Goods Sold $717,639

Gross Profit $1,524,983 Salary Expense $448,524 Depreciation and Amortization Expense $336,393 Insurance Expense $8,970 Interest Expense $13,456 Loss from Sale of Patent $2,243 Gain from Sale of Land $1,121 Total Expenses and Others $808,465 Income Before Taxes $716,518 Tax Expense $214,955 NET INCOME $501,563

Partial Information from the Comparative Financial Position Statement (Balance Sheet) (Excluding cash, all current asset accounts and current company debts are summarized here.) 12/31/22 12/31/21 change Accounts Receivable $156,984 $190,623 decrease $33,639 Inventory $280,328 $224,262 increase $56,066 Prepaid Insurance $6,055 $3,364 increase $2,691 Accounts Payable $56,066 $112,131 decrease $56,066 Salaries Payable $5,607 $2,243 increase $3,364 Interest Payable $11,213 $8,970 increase $2,243 Taxes Payable $19,062 $20,184 decrease $1,121

Other Information:

During the year, the company sold land with a book value of $201,836. During the year, the company sold a patent with a book value of $67,279. During the year, the company acquired equipment for $313,967 in cash. During the year, the company issued common shares for $37,003, acquired treasury shares for $2,018, and paid dividends of $2,915.

Determine the Net Cash from Financing Activities.

Enter your answer WITHOUT using the dollar symbol. If the answer is negative, indicate the negative.