Revise your calculations based the new information provided below and then answer the questions that follow.

Inflows:
Issue common stock	$	111,000
Sell inventory to customers		127,280
Issue notes payable		78,440
Sell land		145,040
Earn interest on investments		2,960
Sell patent		90,280

Outflows:
Purchase equipment	$	266,400
Purchase inventory		56,240
Purchase treasury stock		59,200
Repay notes payable		44,400
Pay salaries		57,720
Pay dividends		22,200
Beginning cash	$	78,440

Required: 1. What is the revised amount of operating, investing and financing cash flows? (Net outflows should be indicated by a minus sign.)

2. What is the revised ending cash balance?

3. Which of the three types of cash flows could best be desribed as cash-basis net income?

multiple choice 1

• Operating

• Investing

• Financing

4. Which of the following types of cash flow involves primarily changes in long-term liabilities and stockholders' equity?

multiple choice 2

• Operating activities

• Investing activities

• Financing activities