Question: Using the data in the tables below, compute Net Cash Flow from Investing Activities for Crimson Penguin, Inc. for Year 2: Crimson Penguin , Incorporated

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

Using the data in the tables below, compute Net Cash Flow from Investing Activities for Crimson Penguin, Inc. for Year 2: Crimson Penguin , Incorporated Balance Sheets for the Years Ending December 31, (All amounts are in dollars) Cash Accounts receivable Inventory Total current assets Gross fixed assets* (Accumulated depreciation) Net fixed assets Total assets Year 1 19,300 30,880 200,720 250,900 193,000 (57,900) 135, 100 386,000 Year 2 16,080 20,100 229,140 265,320 205,020 (68,340) 136,680 402,000 Notes payable Accounts payable Accruals Total current liabilities Long-term debt Common stock Capital surplus Retained earnings Total liabilities and equity 30,880 69,480 7,720 108,080 54,040 11,580 115,800 96,500 386,000 40,200 76,380 12,060 128,640 28,140 20,100 124,620 100,500 402,000 Additional Data from Company Income Statement(s); Sales in Year 2 = 841,000 Net income in Year 2 = 10,530

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