Question: Ariel Corporation uses the direct method to prepare its statement of cash flows. Data related to cash activities for last year appear next (Click the

Ariel Corporation uses the direct method to prepare its statement of cash flows. Data related to cash activities for last year appear next (Click the icon to view the data.) Answer the following questions Data Table Questions Paid for equipment $ 16,000 Paid for interest $ 4,700 Paid to suppliers 35,000 Paid for utilities. . $ 13,000 1. What was the net cash flow from operating activities for the year? 9,700 Paid dividends Paid for insurance $ 7,500 2. What was the net cash flow from investing activities for the year? Depreciation expense 3,900 Received from customers $ 58,000 3. What was the net cash flow from financing activities for the year? Paid for taxes. . Paid for advertising 7,100 $ 5,200 4. What was the net change in cash for the year? Received from sale of land 19,000 Received from issuing long-term note payable $ 23,000 5. If the beginning balance of cash for the year was $342,000, what was the balance of cash at the end of the year? Paid to employees.. Received from sale of plant assets $ 6,700 10,000 Print Done Print Done
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