Question: A restaurant purchased new kitchen equipment for $44,480. Old kitchen equipment was sold for $1,200. A long-term investment was sold for $50,000. Equity stock was bought back (repurchased) for $18,000, and a cash dividend was paid in the amount of $36,600. The company increased its long-term debt by $60,000.
a. Determine the net cash flow from investing activities.
b. Determine the net cash flow from financing activities.