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Clairvoyant Technologies Inc. has the following financial data: Sales: 10,500,000; Costs: 3,500,000; Depreciation: 1,000,000; EBIT: 6,000,000;...

Clairvoyant Technologies Inc. has the following financial data:

Sales: 10,500,000; Costs: 3,500,000; Depreciation: 1,000,000; EBIT: 6,000,000; Taxable Income (EBT): 5,000,000; Taxes paid: 1,050,000; Net Income: 3,950,000; Dividends paid: 500,000; 2019 LTD: 2,200,000; 2019 Common Stock: 7,600,000; 2018 LTD: 2,400,000; 2018 Common Stock: 7,500,000

Question 10: What was the firm's Cash Flow From in 2019?

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Answer #1
Cash flow statement
cash flow from operating activities
net income 3950000
add depreciation 100000
changes in working capital 0
net cash flow from operating activities 4050000
cash flow from Investing activities 0
cash flow from financing activities
payment of long term debt -200000
cash from sale of common stock 1000000
dividend paid -500000
net cash flow from financing activities 300000
net cash flow during the year 4350000
cash flow in 2019 4350000
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