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What are the cash flows for operations, financing, and investing activities? Net Income = $55,000 Accounts...

What are the cash flows for operations, financing, and investing activities?

Net Income = $55,000

Accounts Receivable decreased $13,000, Inventory increased $10,000, PPE increased $21,000, Accumulated Depreciation increased $15,000.

There were no sales of PPE during the year.

Accounts Payable decreased $22,000, Wages Payable decreased $10,000, Long-Term Note Payable increased $5,000.

There were no repayments of the note payable during the year.

Contributed Capital increased $5,000, Retained Earnings increased $40,000.

Dividends were declared and paid during the year.

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ASSUMED THAT THE DIVIDEND WAS PAID OUT.

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