Reference no: EM132566260
The following 2020 information relates to Raddatz, Inc.:
Net Income RM365,000
Depreciation Expense 96,000
Amortization of Intangible Assets 11,000
Beginning Accounts Receivable 420,000
Ending Accounts Receivable 439,000
Beginning Inventory 516,000
Ending Inventory 560,000
Beginning Prepaid Expenses 48,000
Ending Prepaid Expenses 42,000
Beginning Accounts Payable 119,000
Ending Accounts Payable 146,000
Purchase of Long-Term Assets for Cash 616,000
Cash from Issuance of Long-Term Debt 200,000
Issuance of Stock for Cash 160,000
Issuance of Stock for Long-Term Assets 110,000
Purchase of Treasury Stock 64,000
Sale of Long-Term Investment at Cost 39,000
Required;
Question (a). Calculate the net cash flows from operating activities. Show your work.
Question (b). Calculate the net cash flows from investing activities. Show your work.
Question (c). Calculate the net cash flows from financing activities. Show your work.
Question (d). Calculate the net change in cash. Show your work.