Answer:
Step-by-step explanation:
Cash flow from operation
Net income - 43,350
Add back depreciation 15,050
Decrease in receivable 6800
Increase in inventory (5350)
Decrease in payable (10300)
Decrease in wages payable (3100)
Net cash flow from operation activities 46450
Investing activities
Purchase of equipment (60850 )
Payment of Notes payable (16,160)
Net cash flow from investing activities (77,010)
Financing activities
Share issue 35,500
Dividends paid (790)
Net cash flow from financing activities 34710
Net increase in cash and cash equivalent 4150
Add opening cash balance 65900
Closing cash balance 70,050