The following information is available for Barkley Company
Net income $325,000 Beginning accounts payable $109,000
Depreciation expense 107,000 Ending accounts payable 146,000
Beginning accounts receivable 420,000 Purchase of long-term assets 516,000
Ending accounts receivable 439,000 Issuance of long-term debt 250,000
Beginning inventory 516,000 Issuance of stock for cash 160,000
Ending inventory 560,000 Issuance of stock for plant assets 110,000
Beginning prepaid expenses 48,000 Purchase of treasury stock 64,000
Ending prepaid expenses 42,000 Sale of long-term investment at cost 39,000
Instructions
Calculate the following amounts using the indirect method. Clearly label the amount of each answer as net inflow or net outflow and show all calculations.
a. Cash flows from operating activities.
b. Cash flows from investing activities.
c. Cash flows from financing activities.
d. Net change in Cash.