Problem - The following 20x5 information relates to Taylor, Inc.:
|
Net Income
|
$365,000
|
|
Depreciation Expense
|
96,000
|
|
Amortization of Intangible Assets
|
11,000
|
|
Beginning Accounts Receivable
|
420,000
|
|
Ending Accounts Receivable
|
439,000
|
|
Beginning Inventory
|
516,000
|
|
Ending Inventory
|
560,000
|
|
Beginning Prepaid Expenses
|
48,000
|
|
Ending Prepaid Expenses
|
42,000
|
|
Beginning Accounts Payable
|
119,000
|
|
Ending Accounts Payable
|
146,000
|
|
Purchase of Long-Term Assets for Cash
|
616,000
|
|
Cash from Issuance of Long-Term Debt
|
200,000
|
|
Issuance of Stock for Cash
|
160,000
|
|
Issuance of Stock for Long-Term Assets
|
110,000
|
|
Purchase of Treasury Stock
|
64,000
|
|
Sale of Long-Term Investment at Cost
|
39,000
|
Calculate the net cash flows from operating activities. Show your work.
Calculate the net cash flows from investing activities. Show your work.
Calculate the net cash flows from financing activities. Show your work.
Calculate the net change in cash. Show your work.