Question: USE THE DATA IN THE TABLE BELOW TO ANSWER THE FOLLOWING 3 QUESTIONS Balance Sheets for the Years Ending December 31, (All amounts are
USE THE DATA IN THE TABLE BELOW TO ANSWER THE FOLLOWING 3 QUESTIONS Balance Sheets for the Years Ending December 31, (All amounts are in dollars) Year 1 Year 2 Cash 32,800 34,200 Accounts receivable Inventory 196,800 188,100 311,600 342,000 Total current assets 541,200 564,300 Gross fixed assets* 1,279,200 1,333,800 (Accumulated depreciation) (246,000) (256,500) Net fixed assets 1,033,200 1,077,300 Land 65,600 68,400 Total assets 1,640,000 1,710,000 Notes payable 49,200 34,200 Accounts payable 147,600 136,800 Accruals 16,400 51,300 Current portion of LT Debt 114,800 136,800 Total current liabilities 328,000 359,100 Long-term debt 360,800 359,100 Common stock 295,200 307,800 Paid in capital 82,000 85,500 Retained earnings 574,000 598,500 Total liabilities and equity 1,640,000 1,710,000 Additional Data from Company Income Statement(s): Sales in Year 2 Net income in Year 2 3,420,000 28,830 No long-term assets were sold in either Year 1 or Year 2 29. What did LebroJames, Inc. report as Net Cash Flow from Operating Activities for Year 2? 30. What did LebroJames, Inc. report as Net Cash Flow from Investing Activities for Year 2? 31. What did LebroJames, Inc. report as Net Cash Flow from Financing Activities for Year 2?
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