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6 value 18.00 points Exercise 1-22 Preparing financial statements-cash flow emphasis LO 1-5 As of January 1, 2014, Concepts Inc. had a balance of $5,300 in Cash, $2,900 in Common Stock, and $2,400 in Retained Earnings. These were the only accounts with balances in the ledger on January 1 2014. Further analysis of the company's cash account indicated that during the 2014 accounting period, the company had (1) net cash inflow from operating activities of $5,500, (2) net cash outflow for investing activities of $13,800, events were cash events. The following accounts and balances represent the general Inc. as of December 31, 2014, before closing and (3) net cash inflow from financing activities of $14,800. All revenue and expense ledger of Concepts CONCEPTS INC. General Ledger Assets = Liabilities Stockholders Equity Cash Notes Payable Common Stock Revenue Bal 11,800 Bal7,000 Ba 2.400 Bal 10,700 Retained Earnings Expenses Bal Land Ball 13,800 2400 Bal 5200 Bal 1,700 Required a. Assume that the net cash Inflow from financing activities of $14 800 was caused by three events Based on the information above, identify these events and determine the cash flow associated with each event Amounts to be deducted should be indicated with a minus sign.) CONCEPTS INC. Cash lows from financing activities Type here to search

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