Question: This all the information that I have, there is not an specific method. Selected financial statement information and additional data for Johnston Enterprises is presented

This all the information that I have, there is not an specific method.

Selected financial statement information and additional data for Johnston Enterprises is presented below.

Johnston Enterprises

Balance Sheet:

Johnston Enterprises

Balance Sheet and Income Statement Data

December 31, December 31,

2020 2019___

Current Assets:

Cash $153,000 $119,000

Accounts Receivable 238,000 306,000

Inventory 391,000 340,000

Total Current Assets 782,000 765,000

Property, Plant, and Equipment 1,241,000 1,122,000

Less: Accumulated Depreciation (476,000) (442,000)

Total Assets $1,547,000 $1,445,000

Current Liabilities:

Accounts Payable $187,000 $102,000

Notes Payable 51,000 68,000

Income Taxes Payable 85,000 76,500

Total Current Liabilities 323,000 246,500

Bonds Payable 340,000 391,000

Total Liabilities 663,000 637,500

Stockholders' Equity:

Common Stock 510,000 467,500

Retained Earnings 374,000 340,000

Total Stockholders' Equity 884,000 807,500

Total Liabilities & Stockholders' Equity $1,547,000 $1,445,000

Sales Revenue 1,615,000 $1,513,000

Less Cost of Goods Sold 751,000 731,000

Gross Profit 864,000 782,000

Expenses:

Depreciation Expense 153,000 136,000

Salaries and Wages Expense 391,000 357,000

Interest Expense 34,000 34,000

Loss on Sale of Equipment 12,000 0

Income Before Taxes 274,000 255,000

Less Income Tax Expense 110,000 102,000

Net Income $164,000 $153,000

Additional Information:

During the year, Johnston sold equipment with an original cost of $153,000 and accumulated depreciation of $119,000 and purchased new equipment for $272,000. Hint: Use your knowledge of Retained Earnings to compute the amount of Dividends paid (if any) by the company. Assume there were no adjustments to

Answer the following questions and show your computations:

1. What was the company's Net cash used or provided by operating activities?

2. What was the company's Net cash used or provided by investing activities?

3. What was the company's Net cash used or provided by financing activities?

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