On January 1, 2013, Moore, a fast food company, had a balance in its Cash account of $45,800. During the 2013 accounting period, the company had (1) net cash inflow from operating activities of $24,800, (2) net cash outflow for investing activities of $16,000, and (3) net cash outflow from financing activities of $6,800.
Required:
a. Prepare a statement of cash flows.
b. Provide a reasonable explanation as to what may have caused the netcash inflow from operating activities.
c. Provide a reasonable explanation as to what may have caused the net cash outflow from investing activities.
d. Provide a reasonable explanation as to what may have caused the net cash outflow from financing activities.