1.

What was the cash flow from operating activities?

2.

What was the cash flow from long-term investing activities?

3.

What was the cash flow from financing activities?

4.

What was the net cash flow for the year?

Problem 17 Intro Below is the balance sheet for Northern Comfort Company for December 31 of 2020 and 2021. 2020 2021 2020 2021 Cash 800 1,050 Accounts receivable 2,400 3,150 Inventory 2,400 3,150 Current assets 5,600 7,350 Net fixed assets 10,400 13,650 Total assets 16,000 21,000 Accounts payable 2,400 3,150 Current liabilities 2,400 3,150 Long-term debt 4,800 6,300 Total liabilities 7,200 9,450 Equity 8,800 11,550 Total liab. & equity 16,000 21,000 The income statement for 2021 is also given: Amount Sales Cost Depreciation EBIT Interest 50,400 27,720 5,040 17,640 5,040 3,150 9,450 Taxes Net income The company paid $6,700 in dividends to shareholders at the end of the year. The company has not made any investments in other companies. Part 1 18 Attempt 1/10 for 10 pts