Which was paid in full during 2021

Reference no: EM133371184

Question: Taczynski Inc. started a new business on August 1, 2021. That same day, Taczynski Inc. also received $260,000 of cash from issuing common stock and borrowed $290,000 from a friend. On August 1, 2021 Taczynski Inc. also purchased equipment for $211,200. The equipment has a useful life of 96 months. On August 1, 2021, Taczynski also paid $122,400 of cash to rent office space for a 36 month period. During 2021, the Company provided services valued at $27,500 and had collected $13,750 of that amount at year-end. The company will collect the remaining portion in the following year.The company's payroll for 2021 was $13,000, which was paid in full during 2021. Use this information to find the company's cash flows from operations in 2021?

Reference no: EM133371184

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