The following table shows cash flow data for Rocket Transport.
Cash dividend | $ | 92,000 | |
Purchase of bus | $ | 57,000 | |
Interest paid on debt | $ | 37,000 | |
Sales of old equipment | $ | 84,000 | |
Repurchase of stock | $ | 79,000 | |
Cash payments to suppliers | $ | 107,000 | |
Cash collections from customers | $ | 420,000 | |
a. Find the net cash provided by or used in investing activities.
b. Find the net cash provided by or used in financing activities. (Negative amount should be indicated by a minus sign.)
c. Find the net increase or decrease in cash
for the year.
Rocket Transport | ||
Statement of Cash Flows (Partial) | ||
$ | $ | |
a. Cash Flows from Investing Activities: | ||
Purchase of bus | (57,000.00) | |
Sales of old equipment | 84,000.00 | |
Cash provided by Investing Activities | 27,000.00 | |
b. Cash Flows from Financing Activities: | ||
Repurchase of stock | (79,000.00) | |
Cash dividend | (92,000.00) | |
Interest paid on debt | (37,000.00) | |
Cash used in financing activities | (208,000.00) | |
c. Net Increase in Cash = 27,000 + 420,000 - 208,000 - 107,000 | ||
= $132,000 |
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