Preparation of cash flow statement and net cash flow

Reference no: EM1319575

From the following selected data, compute:

1. Net cash flow provided (used) by operating activities.
2. Net cash flow provided (used) by investing activities.
3. Net cash flow provided (used) by financing activities.
4. Net increase (decrease) in cash during the year.
5. The cash balance at the end of the year.

Cash receipts from:	Â
Â Customers	$270,000
Â Investments by owners	54,000
Â Sale of building	90,000
Â Proceeds from bank loan	60,000
Cash payments for:	Â
Â Wages
Â Utilities	3,000
Â Advertising	4,000
Â Rent	36,000
Â Taxes	67,000
Â Dividends	20,000
Â Repayment of principal on loan	40,000
Â Purchase of land	106,000
Cash balance at beginning of year	$386,000

Reference no: EM1319575

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