Balance sheet data for Betty DeRose, Inc. for 2022 appears below: ...
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Accounting
Balance sheet data for Betty DeRose, Inc. for 2022 appears below:
January 1, 2022 | December 31, 2022 | |
ASSETS: | ||
Cash
| 11,000 | 48,000 |
Account receivable | 13,000 | 65,000 |
Land | 68,000 | 37,000 |
Equipment | 43,000 | 92,000 |
Accumluated depreciation | <21,000> | <38,000> |
Trademark | 0 | 14,000 |
Total Assests | 114,000 | 218,000 |
Liabilities + Equity | January 1, 2022 | December 31, 2022 |
Income taxes payable | 12,000 | 27,000 |
Notes payable | 44,000 | 59,000 |
Common stock | 27,000 | 78,000 |
Retained earnings | 31,000 | 54,000 |
Total liabilities + equity | 114,000 | 218,000 |
Betty's 2022 income statement is given below: Service revenue 75,000 Depreciation expense 17,000 Gain on sale of land 44,000 Income tax expense 30,000 Net income 72,000
1) Calculate the net cash flow from INVESTING activities for 2022
2) Calculate the net cash flow from FINANCING activities for 2022
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