Question: Use the following data for the next two problems ( 1 and 2 ) : Consider the following information for the C&B Castillo Company. Sales

Use the following data for the next two problems (1 and 2):
Consider the following information for the C&B Castillo Company. Sales have rapidly increased
in 2017 and the firm reported operating profits of $80,000. Depreciation expenses were $50,000
and the company paid $20,000 in interest expense in 2017. The firm paid no taxes. Following are
the C&B Castillo Company's balance sheets for 2016 and 2017.
Problem 1:
a) Calculate Castillo's cash flow from operating activities for 2017.(12 pts)
b) Calculate Castillo's cash flow from investing activities for 2017.(4 pts)
c) Calculate Castillo's cash flow from financing activities for 2017.(6 pts)
d) Calculate the change in the cash position of Castillo's for 2017.(6 pts)
 Use the following data for the next two problems (1 and

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