Reference no: EM132803305

SoTL, Inc. Balance Sheet For the Years Ending December 31, 2019 and 2020 (All figures in dollars) 41. Calculate the Cash flows from operating activities for 2020. 42. Calculate the Cash flows from investing activities for 2020. 43. Calculate the Cash flows from financing activities for 2020. 2019 2020 Cash 2,000 2,620 Accounts receivable 12,000 14,410 Inventory 19,000 26,200 Total current assets 33,000 43,230 Gross fixed assets 78,000 102,180 (Accumulated depreciation) (15,000) (19,650) Net fixed assets 63,000 82,530 Land 4,000 5,240 Total assets 100,000 131,000 Notes payable 3,000 2,620 Accounts payable 9,000 10,480 Accruals 1,000 3,930 Current portion of LT Debt 7,000 10,480 Total current liabilities 20,000 27,510 Long-term debt 22,000 27,510 Common stock 18,000 23,580 Paid in capital 5,000 6,550 Retained earnings 35,000 45,850 Total liabilities and equity 100,000 131,000 Additional Data from 2020 Income Statement: Sales in 2020 262,000 Net income in 2020 5,240