The following summary transactions occurred during 2024 for Dinos Design: Cash received from: Collections from customers...

Transcribed Image Text:

The following summary transactions occurred during 2024 for Dinos Design: Cash received from: Collections from customers Interest on notes receivable Collection of notes receivable Sale of investments Issuance of notes payable Cash paid for: Purchase of inventory Interest on notes payable Purchase of equipment Salaries to employees Payment of notes payable Dividends to shareholders $ 490,000 11,500 54,000 34,000 175,000 235,000 7,500 90,000 95,000 40,000 35,000 Required: Calculate net cash flows from investing activities. Note: Amounts to be deducted should be indicated with a minus sign. DINOS DESIGN Statement of Cash Flows For the Year Ended December 31, 2024 Cash flows from investing activities: Sale of investments Purchase of equipment + Net cash flows from investing activities EA 34,000 90,000 $ 124,000 The following summary transactions occurred during 2024 for Dinos Design: Cash received from: Collections from customers Interest on notes receivable Collection of notes receivable Sale of investments Issuance of notes payable Cash paid for: Purchase of inventory Interest on notes payable Purchase of equipment Salaries to employees Payment of notes payable Dividends to shareholders $ 490,000 11,500 54,000 34,000 175,000 235,000 7,500 90,000 95,000 40,000 35,000 Required: Calculate net cash flows from investing activities. Note: Amounts to be deducted should be indicated with a minus sign. DINOS DESIGN Statement of Cash Flows For the Year Ended December 31, 2024 Cash flows from investing activities: Sale of investments Purchase of equipment + Net cash flows from investing activities EA 34,000 90,000 $ 124,000