Problem:
The following information reflects cash flow and other activities of Framer Company for six months ended June 30
Paid for equipment $45,000
Paid for income taxes $ 3,000
Paid for insurance $ 1,000
Paid for interest $ 900
Paid for utilities $ 790
Paid for advertising $ 560
Paid to owners $5,000
Paid to suppliers $ 28,000
Paid to employees $ 17,000
Depreciation expense $ 13,500
Received from customers $ 99,000
Received from issuing long-term $40,000
Received from sale of land $18,000
A. What are the net cash flows from operating activities for the period?
B. What are the net cash flows from investing activities for the period?
C. What are the net cash flows from financing activities for the period?
D. What was the net change in cash for the period?