Reference no: EM132892533
Question - Calculate the cash flow from operating, investing and financing activities, and the net change in cash for Skymark Corporation based on below data:
Net Loss ?($45,000)
Depreciation ?$16,000
Payment of dividends ?$9,400
Decrease in accounts payable ?$13,500
Increase in income taxes payable ?$3,100
Repayment of bonds? $90,000
Issuance of Common shares ?$149,000
Purchase of land? $125,000
Decrease in accounts receivable ?$14,600
Increase in inventories? $19,500
Gain on sale of land? $15,200
Increase in wages payable? $2,600
Proceeds from Sale of Equipment ?$76,500