Question: The balance sheets and some associated income statement data (all amounts are in dollars) for ClaspNClutch, Inc. for the years ending December 31, 2018 and


The balance sheets and some associated income statement data (all amounts are in dollars) for ClaspNClutch, Inc. for the years ending December 31, 2018 and December 31, 2019 are presented in the tables below. Using this information, compute Net Cash Flows from Investing Activities for the company for 2019. 2018 Cash 12.000 Accounts receivable 72.000 Inventory 114.000 Total current assets 198,000 Gross fixed assets 468.000 (Accumulated depreciation) (90,000) Net fixed assets 378.000 Land 24,000 Total assets 600,000 2019 13,840 83,040 131,480 228,360 539,760 (103,800 435,960 27.680 692,000 Notes payable Accounts payable Accruals Current portion of LT Debt Total current liabilities Long-term debt Common stock Paid in capital 18.000 54,000 6,000 42,000 120,000 132.000 108,000 30,000 20,760 62,280 6,920 48,440 138,400 152.240 124,560 34,600 Common stock Paid in capital Retained earnings Total liabilities and equity 108.000 30,000 210.000 600,000 124,560 34,600 242,200 692,000 Additional Data from 2019 Income Statement: Sales in 2019 2.906,400 Net Income in 2019 290,640 1) -$86,920 2) -$77,210 3) -$75,440 O4) -$83,680 5) -$80,360
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