Postclosing trial balance data and other financial data for Bass, Inc., as of December 31, 2019 and 2018, follow.

INSTRUCTIONS
Prepare a statement of cash flows for 2019. Additional information for the year follows:
a. Sold an unused lot for $25,000 in cash; it originally cost $15,000.

b. Constructed a new building for $150,000, of which $20,000 was paid in cash and $130,000 is a long-term mortgage payable.
c. Issued $20,000 of 5 percent bonds payable, maturing in 2024, for cash at par.
d. Sold common stock at par $25,000 in cash.
e. Had net income of $50,000 after income taxes.
f. Paid common stock dividends of $25,000 in cash.
g. Amortized organization costs of $500.
h. The short-term note payable resulted from operating activities, not financing.

Analyze: Did operating, investing, or financing activities generate the greatest net inflow of cash?

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Bass, Inc. Postclosing Trlal Balance December 31, 2019 and 2018 2018 2019 Account Name Debit Credit Deblt Credit 9 3850 6 0기5101 Cash 5 2 500 4 5 750 5 5 0 00 1000 4 9000 12 5 0 00 Accounts Receivable (Net) Merchandise Inventory 6 5 000 2500 3 4000 |2 기 5|0100 Prepaid Expenses Land Plant and Equipment 24 750 10000 Accumulated Depreciation-Plant and Equipment 4 5 00 Organization Costs 5 0 00 7500 36 250 2500 2000 기 5|0010 Notes Payable-Short Term Accounts Payable Payroll Taxes Payable Income Taxes Payable Mortgage Payable, 2023 5% Bonds Payable, 2021 Common Stock, $1 par 32 250 2600 1000 205000 20000 75000 17 5000 5 3 5 600 50000 Retained Earnings 150000 5 3 5 600 Totals 3 3 3 250 3 3 3 250