From the following data, compute: Net cash flow provided (used) by operating activities, Net cash flow provided (used) by investing activities, Net cash flow provided (used) by financing activities, Net increase (decrease) in cash during the year, The cash balance at the end of the year.
Cash receipts from:
Investments by owners $54,000
Sale of building $90,000
Proceeds from bank loan $60,000
Cash payments for:
Utilities $ 3,000
Advertising $ 4,000
Repayment of principal on loan $40,000
Purchase of land $106,000
Cash balance at beginning of year $386,000
Statement of Cash Flows
For Year Ended December 31, 20XX
Cash received from customers $270,000
Cash flow for operating activities are calculated.