Given the following Income Statement and additional provided data, compute the Cash Flows from Investing and Operating Activities.

Income Statement for 2018

Sales 100,000

Cost of Goods Sold (61,000)

Other Expenses (27,00)

Additional Data:

1. Cash paid for equipment 9,000
2. Cash paid on long-term note payable 10,000
3. Cash received from issuing new share 20,000
4. Cash dividend declared and paid 3,800

ANSWER:

Instructions:

• Be sure to note cash outflows (or negative numbers) in your answer with a -x or include in brackets (x)

Cash Flows from Investing Activities
Sale of Equipment
Net cash provided by (used in) investing activities
Cash Flows from Financing Activities
Proceeds or long-term debt
Proceeds from shares
Dividends paid
Net cash provided by (used in) financing activities