Reference no: EM131292020
The following selected account balances were taken from Buckeye Company's general ledger at
January 1, 2005 and December 31, 2005:
January 1, 2005 December 31, 2005
Inventory 52,000 49,000
Accounts payable 40,000 71,000
Salaries payable 3,000 9,000
Investments 68,000 75,000
Accounts receivable 83,000 56,000
Land 58,000 88,000
Mortgage payable 120,000 95,000
Common stock 100,000 180,000
Retained earnings 22,000 35,000
The following information was taken from Buckeye Company's 2005 income statement:
Sales revenue $420,000
Cost of goods sold 300,000
Salaries expense 94,000
Net income $ 26,000
Calculate the net cash flow from financing activities for 2005. If your answer is negative, place a minus sign in front of your answer with no spaces in between (e.g., -1234). Do not use decimals in your answer.
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