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Using the data in the tables below, compute Net Cash Flow from Investing Activities for...

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Accounting

Using the data in the tables below, compute Net Cash Flow from Investing Activities for Crimson Penguin, Inc. for Year 2:

image

Additional Data from Company Income Statement(s):

  • Sales in Year 2 = 833,000
  • Net income in Year 2 = 20,760

Record your answer as a dollar amount with no decimal places, but do not record a dollar sign or any commas. For example, record $10,280.38 as 10280. If your answer is a negative amount, put a hyphen before the number with no space between the number and the hyphen. For example, record negative 38 as -38.

Crimson Penguin, Incorporated Balance Sheets for the Years Ending December 31, (All amounts are in dollars) Year 1 Year 2 Cash 19,300 16,080 Accounts receivable 30,880 20,100 Inventory 200,720 229,140 Total current assets 250,900 265,320 Gross fixed assets* 193,000 205,020 (Accumulated depreciation) (57,900) (68,340) Net fixed assets 135,100 136,680 Total assets 386,000 402,000 30,880 40,200 Notes payable Accounts payable 69,480 76,380 Accruals 7,720 12,060 Total current liabilities 108,080 128,640 Long-term debt 54,040 28,140 Common stock 11,580 20,100 Capital surplus 115,800 124,620 Retained earnings 96,500 100,500 Total liabilities and equity 386,000 402,000

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