Given the following information, determine the amount of cash flows from investing and financing activities. 2017 2016
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Question:
Given the following information, determine the amount of cash flows from investing and financing activities.
|
| 2017 | 2016 |
| Net income | $68,000 | $65,320 |
| Investment securities | $101,000 | $115,200 |
| Land | $143,200 | $98,600 |
| Common stock | $142,500 | $119,500 |
| Interest payable | $12,550 | $10,950 |
The company incurred a $1,480 loss on the sale of investment securities in 2017. The company did not sell land during the year.
A. Cash from Investing activities =
B. Cash from Financing activities =
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