Question: Inventory, Other sets, ou Accounts Receivable, Current Liabilities. Prepare statement of cash flows (direct method) (Learning Objective 3) uses the direct method to prepare its
Inventory, Other sets, ou Accounts Receivable, Current Liabilities. Prepare statement of cash flows (direct method) (Learning Objective 3) uses the direct method to prepare its statement of cash flows. 0 Commander Corporation Data related to cash activities for last year appear next. $ 4,700 Paid for equipment. Paid to suppliers $17,000 Paid for interest 39,000 Paid for utilitis Depreciation expense Paid for advertising. Received from sale of land Received from sale of plant asset. S 3,300 Received from customes 7,300 Paid for taxes $20,000 $ 7,400 $51,000 $ 5,600 Received from issuing long-term 6700 Paid to e note payable. Paid to employees $26,000 $16,000 Answer the following questions: 1. What was the net cash flow from operating activities for the year? 2. What was the net cash flow from investing activities for the year? 3. What was the net cash flow from financing activities for the year? 4. What was the net change in cash for the year? 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
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