Reference no: EM132032403
Question - Delphin Company provided the following information for 2014:
Collection of principal on long-term loan to a supplier $35,000
Acquisition of equipment for cash $10,000
Proceeds from the sale of long-term investment at book value $27,000
Issuance of common stock for cash $20,000
Net income for the year was $35,000.
Depreciation expense was $25,000.
Redeemed bonds payable $24,000.
Paid cash dividends $9,000.
Purchased land by issuing bonds payable $40,000
Accounts receivable increased $5,000.
Prepaid expenses increased $4,000.
Accounts payable increased $6,000.
Salaries payable decreased $3,000.
The beginning cash balance was $14,000.
Required:
1. Calculate the amount of cash flows from operating activities using the indirect method.
2. How much is cash flows from investing activities?
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