Reference no: EM132633437

Below is a summary of all transactions of KEV Consulting for the month of October.

Cash transactions

Cash collections from:

Sale of unused office furniture $15,000

Borrowing from bank 100,000

Customers 850,000

Cash payments for:

Employee salaries 500,000

Dividends to stockholders 100,000

Advertising expense 225,000

Utilities expense 18,000

Purchased office equipment 80,000

Office supplies 2,500

Noncash Transactions

Issue note payable for equipment $300,000

Services to customers on account 45,000

Purchase office equipment on account 25,000

display statement of cash flows for the month of October, properly classifying each of the transactions into operating, investing, and financing activities. The cash balance at the beginning of October is $25,000.

Question 1: What is the amount of cash inflows from operating activities?

Question 2: What is the amount of cash outflows from operating activities?

Question 3: What is the Net Cash Flows from Operating Activities (if cash used, use "-")?

Question 4: What is the Net Cash Flows from Investing Activities (if cash used, use "-")?

Question 5: What is the Net Cash Flows from Financing Activities (if cash used, use "-")?

Question 6: How much did cash change (if decrease, use "-")

Question 7: What is the ending cash balance for the company?