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You've been tasked to review the Cash Flow Statement of ABC Company for the year ending December 31, 2021. You summarize the following transactions from

You've been tasked to review the Cash Flow Statement of ABC Company for the year ending December 31, 2021. You summarize the following transactions from the Cash Flow Statement as most important: Sales of merchandise $380,000 ($200,000 on Account, $180,000 Cash) Purchase of fixtures and equipment (via a Loan) $330,000 Sale of capital stock $420,000 Purchase of investment $175,000 Sale of investment $80,000 Interest received on investments $6,000 Merchandise purchased and paid for for resale $258,000 Cash paid for operating expenses (wages, utilities, etc...) $160,000 Purchase a New Truck (5 year loan) $30,000 Required: 1. What was the total amount of Cash Inflow? 2. What was the total amount of Cash Outflow? 3. If ABC company started the year with $1,000 of Cash, was 2021 a successful year for Cash Flow? In your opinion, why, or why not?

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