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Trafalgar Industries, Inc. is a manufacturer of steel products for customers such as Home Depot, Lowe’s,...

Trafalgar Industries, Inc. is a manufacturer of steel products for customers such as Home Depot, Lowe’s, Chrysler, Ford, and General Motors. In the year ended December 31, 2013, it reported the following activities:
  Net income (loss) $ (6,533 )
  Purchase of equipment 14,040
  Payments on notes payable to bank 207,469
  Net proceeds from stock issuance 762
  Depreciation 26,150
  Proceeds from sale of equipment 12,520
  Increase in accounts receivable 1,970
  Proceeds from notes payable to bank 212,100


Required:
Based on this information, present the cash flows from the investing and financing activities sections of the cash flow statement. (Amounts to be deducted should be indicated by a minus sign.)

-cash flows from investing activities

-cash flows from financing activities
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Answer #1

Based on this information, present the cash flows from the investing and financing activities sections of the cash flow statement

Cash flow from investing activities
Purchase of equipment -14040
Proceeds from sale of equipment 12520
Net cash flow from investing activities -1520
Cash flow from financing activities
Payments on notes payable to bank -207469
Net proceeds from stock issuance 762
Proceeds from notes payable to bank 212100
Net cash flow from financing activities 5393
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