Question - Below are cash transactions for Goldman Incorporated, which provides consulting services related to mining of precious metals.
a. Cash used for purchase of office supplies, $2,900.
b. Cash provided from consulting to customers, $46,300.
c. Cash used for purchase of mining equipment, $73,100.
d. Cash provided from long-term borrowing, $60,600.
e. Cash used for payment of employee salaries, $23,900.
f. Cash used for payment of office rent, $11,200.
g. Cash provided from sale of equipment purchased in c. above, $23,500.
h. Cash used to repay a portion of the long-term borrowing in d. above, $40,900.
i. Cash used to pay office utilities, $4,000.
j. Purchase of company vehicle, paying $10,900 cash and borrowing $15,800.
Required: Calculate cash flows from operating activities.