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question 2
Cash receipts from customers:??
Cash payments to suppliers??
Net cash provided by operating activities??
Net cash provided by investing activities:??
Net cash used by financing activities??
Balance sheet data 2005 2004 Accounts receivable $ 36,000 $ 42,000 Inventories 28,000 25,000 Accounts payable 31,000 35,000 Salaries payable 2,000 1,000 Equipment 60,000 40,000 Accumulated depreciation 12,000 16,000 Bonds payable 50,000 100,000 Common stock 150,000 100,000 Retained earnings 38,000 20,000 Income statement data MNet sales $420,000Cost of goods sold 300,000Operating expenses (excluding depreciation expense) 84,000Net income 30,000Gain on sale of equipment (included in net income above) 2,000 35. Net cash provided from operating activities
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