The following summary transactions occurred during the year for Marigold. Cash received from: Collections from customers Interest on notes receivable Collection of notes receivable Sale of investments Issuance of notes payable Cash paid for: Purchase of inventory Interest on notes payable Purchase of equipment Salaries to employees Payment of notes payable Dividends to shareholders $391,000 11,500 60,000 34,900 111,000 Required: Calculate net cash flows from investing activities. (Amounts to be deducted should be indicated with a mi Cash flows from investing activities: 171,000 10,500 96,000 101,000 30,500 1,000 MARIGOLD COMPUTER Statement of Cash Flows (partial) For the Year Ended December 31, 2024 Net cash flows from investing activities

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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The following summary transactions occurred during the year for Marigold.
Cash received from:
Collections from customers
Interest on notes receivable
Collection of notes receivable
Sale of investments
Issuance of notes payable
Cash paid for:
Purchase of inventory
Interest on notes payable
Purchase of equipment
Salaries to employees
Payment of notes payable
Dividends to shareholders
$391,000
11,500
60,000
34,900
111,000
Cash flows from investing activities:
171,000
10,500
96,000
Required:
Calculate net cash flows from investing activities. (Amounts to be deducted should be indicated with a minus
Net cash flows from investing activities
101,000
30,500
1,000
MARIGOLD COMPUTER
Statement of Cash Flows (partial)
For the Year Ended December 31, 2024
Transcribed Image Text:Itranscript The following summary transactions occurred during the year for Marigold. Cash received from: Collections from customers Interest on notes receivable Collection of notes receivable Sale of investments Issuance of notes payable Cash paid for: Purchase of inventory Interest on notes payable Purchase of equipment Salaries to employees Payment of notes payable Dividends to shareholders $391,000 11,500 60,000 34,900 111,000 Cash flows from investing activities: 171,000 10,500 96,000 Required: Calculate net cash flows from investing activities. (Amounts to be deducted should be indicated with a minus Net cash flows from investing activities 101,000 30,500 1,000 MARIGOLD COMPUTER Statement of Cash Flows (partial) For the Year Ended December 31, 2024
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