Question: USE THE DATA IN THE TABLE BELOW TO ANSWER THE FOLLOWING 3 QUESTIONS StepCurry, Incorporated Balance Sheets for the Years Ending December 31, (All amounts

USE THE DATA IN THE TABLE BELOW TO ANSWER THE
USE THE DATA IN THE TABLE BELOW TO ANSWER THE FOLLOWING 3 QUESTIONS StepCurry, Incorporated Balance Sheets for the Years Ending December 31, (All amounts are in dollars) Year 1 Year 2 Cash 2,680 2,940 Accounts receivable 16,080 16, 170 Inventory 25,460 29,400 Total current assets 44,220 48,510 Net fixed assets* 89,780 98,490 Total assets 134,000 147,000 Notes payable 4,020 2,940 Accounts payable 12,060 11,760 Accruals 1,340 4,410 Total current liabilities 17,420 19, 110 Long-term debt 32, 160 30,870 Common stock 28, 140 33,810 Capital surplus 6,700 8,820 Retained earnings 49,580 54,390 Total liabilities and equity 134,000 147,000 Additional Data from Company Income Statement(s): Sales in Year 2 294,000 Net income in Year 2 5,880 Depreciation expense in Year 1 10,720 Depreciation expense in Year 2 13,230 * No long-term assets were sold in either Year 1 or Year 2 23. What did StepCurry, Incorporated report as Net Cash Flow from Operating Activities for Year 2? 24. What did StepCurry, Incorporated report as Net Cash Flow from Investing Activities for Year 2? 25. What did StepCurry, Incorporated report as Net Cash Flow from Financing Activities for Year 2

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