In $2023,$ Active Lifestyle Inc. purchased $$4,364,000$ of new plant & equipment, resulting in $$4,364,000$ in cash flows from investing activities. During the year, it raised $$5,000,000$ by issuing bonds $.$ The balance in the firm's cash account was $$1,615,000$ at the beginning of $2023$ and $$1,742,000$ at the end of the year. How much cash was generated by Active Lifestyle Inc.$\text{'}$s operating activities in $2023?$ Set up a basic statement of cash flows for Active Lifestyle Inc. to illustrate and explain your calculation. 

Answer rating: 100% (QA)

To calculate the cash generated by Active Lifestyle Incs operating activities in 2023 we can set up ... View the full answer