Question: Using the data in the tables below, compute Net Cash Flow from Operating Activities for Purple Scape, Inc. for Year 2: Purple Scape, Incorporated

Using the data in the tables below, compute Net Cash Flow from

Using the data in the tables below, compute Net Cash Flow from Operating Activities for Purple Scape, Inc. for Year 2: Purple Scape, Incorporated Balance Sheets for the Years Ending December 31, (All amounts are in dollars) Year 1 Year 2 Cash 4,680 5,060 Accounts receivable 28,080 27,830 Inventory 44,460 50,600 Total current assets 77,220 83,490 Net fixed assets* 156,780 169,510 Total assets 234,000 253,000 Notes payable 7,020 5,060 Accounts payable 21,060 20,240 Accruals 2,340 7,590 Total current liabilities 30,420 32,890 Long-term debt 56,160 53,130 Common stock 49,140 58,190 Capital surplus 11,700 15,180 Retained earnings 86,580 93,610 Total liabilities and equity 234,000 253,000 Additional Data from Company Income Statement(s): Sales in Year 2 = 544,000 Net income in Year 2 = 9,550 Depreciation expense in Year 1 = 18,070 Depreciation expense in Year 2 = 22,300

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