19.

Using the data in the tables below, compute Net Cash Flow from Financing Activities for Eureka Ruby, Inc. for Year 2: Eureka Ruby, Incorporated Balance Sheets for the Years Ending December 31, (All amounts are in dollars) Year 1 Eureka Ruby Cash 14,860 Accounts receivable 267,480 Inventory 118,880 Total current assets 401,220 Net fixed assets" 965,900 Land 118,880 Total assets 1,486,000 Notes payable 74,300 Accounts payable 178,320 Accruals 44,580 Current portion of LT Debt 193,180 Total current liabilities 490,380 Long-term debt 460,660 Common stock 44,580 Capital surplus 178,320 Retained earnings 312,060 Total liabilities and equity 1.486 000 Year 2 15,050 240,800 150,500 406,350 978,250 120,400 1,505,000 60,200 150,500 60,200 210,700 481,600 466,550 60,200 195,650 301,000 1.505.000 Additional Data from Company Income Statement(s); Sales in Year 2 = 5,344,000 .Net income in Year 2 = 43,480 Depreciation expense in Year 1 = 253,020 Depreciation expense in Year 2 = 310,600