Compute net cash flows from operating activities- compute


The financial statements of Roesener, Inc. follow:

Income Statement For the year ended December 31, 2016

Revenue

•Sales $2,048,000

Expenses

•Cost of goods sold $1,617,920

•Depreciation expense 68,000

• Insurance expense 48,000

•Wages expense 186,040

•Other operating expenses 42,288 1,962,248

•Net income $85,752

• Balance Sheet 31-Dec-16 2016 2015

Current assets

•Cash $40,960 $40,000

•Accounts receivable 194,560 152,000

•Inventory 226,508 158,000

• Prepaid insurance 44,000 48,000

• Total current assets $506,028 $398,000

Long-term assets

•Equipment $1,748,000 $1,668,000

• Accumulated depreciation -1,000,000 -932,000

•Total long-term assets $748,000 $736,000

•Total assets $1,254,028 $1,134,000

Current liabilities

•Accounts payable $331,800 $313,600

• Wages payable 124,000 134,276

•Total current liabilities $455,800 $447,876

Long-term liabilities

•Notes payable $455,880 $405,360

•Total liabilities $911,680 $853,236

• Owners' equity Common Stock Retained Earnings 200,000 142,348 200,000 80,764

• Total liabilities and owners' equity $1,254,028 $1,134,000

1) Compute net cash flows from operating activities

2) Compute net cash flows from investing activities

3) Compute net cash flows from financing activities

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Financial Accounting: Compute net cash flows from operating activities- compute
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