Question: Question 1(4 Marks) You are given the following information for Gryffindor Inc: I 2020 Current Assets = $1,295 Current Liabilities = $390 2021 Current Assets

Question 1(4 Marks) You are given the following information for Gryffindor Inc: I 2020 Current Assets = $1,295 Current Liabilities = $390 2021 Current Assets = $1,217 Current Liabilities =$405 Revenue = $785 Cost of Goods Sold = $460 Depreciation = $210 Interest = $35 Tax rate = 35% During 2021, Gryffindor Inc. purchased some long-term assets for $1,623 and sold other long- term assets for $1,680. What is the cash flow of the firm (ie Cash flow of the assets) for 2021

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