Additional Data from Company Income Statement(s):

Sales in Year 2 = 512,000

Net income in Year 2 = 10,440

Depreciation expense in Year 1 = 19,280

Depreciation expense in Year 2 = 22,290

Record your answer as a dollar amount with no decimal places, but do not record a dollar sign or any commas. For example, record $10,280.38 as 10280. If your answer is a negative amount, put a hyphen before the number with no space between the number and the hyphen. For example, record negative 38 as -38
 

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Using the data in the tables below, compute Net Cash Flow from Operating Activities for Purple Scape, Inc. for Year 2: Purple Scape, Incorporated Balance Sheets for the Years Ending December 31, (All amounts are in dollars) Cash Accounts receivable Inventory Total current assets Net fixed assets* Total assets Notes payable Accounts payable Accruals Total current liabilities Long-term debt Common stock Capital surplus Retained earnings Total liabilities and equity Year 1 4,680 28,080 44,460 77,220 156,780 234,000 7,020 21,060 2,340 30,420 56,160 49,140 11,700 86,580 234,000 Year 2 5,060 27,830 50,600 83,490 169,510 253,000 5,060 20,240 7,590 32,890 53,130 58,190 15,180 93,610 253,000 Using the data in the tables below, compute Net Cash Flow from Operating Activities for Purple Scape, Inc. for Year 2: Purple Scape, Incorporated Balance Sheets for the Years Ending December 31, (All amounts are in dollars) Cash Accounts receivable Inventory Total current assets Net fixed assets* Total assets Notes payable Accounts payable Accruals Total current liabilities Long-term debt Common stock Capital surplus Retained earnings Total liabilities and equity Year 1 4,680 28,080 44,460 77,220 156,780 234,000 7,020 21,060 2,340 30,420 56,160 49,140 11,700 86,580 234,000 Year 2 5,060 27,830 50,600 83,490 169,510 253,000 5,060 20,240 7,590 32,890 53,130 58,190 15,180 93,610 253,000

Answer rating: 100% (QA)

Step 1 Cash Flow Statement Cash flow statement is the s... View the full answer