Given the Following Data,answer the Questions That Follow Additional Information: 1) What Was Cash from Customers During

question 111

Essay

Given the following data,answer the questions that follow. Income Statement
For Year Ended 12/31/Y ear 2 $$\begin{array} {| l | r| } \hline \text { Net Sales..................... } & \$ 1,500,000 \\\hline \text { Cost of goods sold........... } & ( 800,000 ) \\\hline \text { Cash operating expenses..... } & ( 400,000 ) \\\hline \text { Depreciation and amortization expense............... } & ( 100,000 ) \\\hline \text { Gain on sale of equipment.... } & \underline { 60,000 } \\\hline \text { Net income.............. } & \$ 260,000 \\\hline\end{array}$$ Additional Information: 1) What was cash from customers during year 2?
2) What was cash paid to suppliers during year 2?
3) What was net cash inflow from operating activities during year 2?
4) What was net cash inflow (outflow) from investing activities during year 2?
5) What was net cash inflow (outflow) from financing activities during year 2?

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Definitions:

Ventricular Excitation

The process of electrical activation of the ventricles of the heart, leading to their contraction.

ECG

A test that records the electrical activity of the heart to detect heart conditions.

ECGs

Electrocardiograms, a medical test that measures the electrical activity of the heart to identify abnormalities.

Atrioventricular Valves

Heart valves located between the atria and ventricles, enabling blood flow from the atria to the ventricles while preventing backflow.