Question: Estimate cash flow from operating activities for LEO Inc. using the following information: Net income Depreciation Increase in inventories Decrease in accounts receivable Increase in

 Estimate cash flow from operating activities for LEO Inc. using the

Estimate cash flow from operating activities for LEO Inc. using the following information: Net income Depreciation Increase in inventories Decrease in accounts receivable Increase in accounts payable Decrease in accrued salaries & wages Increase in prepaid expenses $90,000 10,000 20,000 1,000 7,000 2,500 5,000 LEO LTD currently uses the following two CCA classes, Class 8 (CCA rate 35%) Class 5 (CCA rate 20%) During 2019, the company purchased $85,000 worth of Class 8 assets and $200,000 worth of Class 5 assets. Calculate the company's total CCA in 2019 and 2020 due to these two purchases

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