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Determine the cash flow for operating activities

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Reference no: EM132785695

Question - Modern Electronics had the following transactions during the current financial reporting period.

Net Loss- ($63,000)

Depreciation- $17,000

Decrease in accounts receivable- $26,500

Increase in inventories $10,600

Increase in accounts payable - $31,000

Decrease in income taxes payable - $29,500

Decrease in wages payable - $11,800

Proceeds on Sale of Equipment - $95,000

Repayment of bonds - $62,000

Issuance of Common shares - $26,000

Proceeds on sale of land - $84,000

Loss on sale of land - $15,000

Payment of dividends - $21,000

Required - Determine the cash flow for Operating, Financing and Investing activities for the company and calculate the net change in cash.

Reference no: EM132785695

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