E2-9 From the following selected data, compute:
Net cash flow provided (used) by operating activities.
Net cash flow provided (used) by investing activities.
Net cash flow provided (used) by financing activities.
Net increase (decrease) in cash during the year.
The cash balance at the end of the year.
Cash receipts from:
Customers $270,000 Investments by owners 54,000 Sale of building 90,000 Proceeds from bank loan 60,000
Cash payments for:
Wages $ 82,000 Utilities 3,000 Advertising 4,000 Rent 36,000 Taxes 67,000 Dividends 20,000 Repayment of principal on loan 40,000 Purchase of land 106,000 Cash balance at beginning of year $386,000
