The Following Information Relates to Lonborg Corporation for the Year

question 75

Essay

The following information relates to Lonborg Corporation for the year ended December 31,2009:
$\begin{array}{lr}\text { Net Income } & \$ 300,000 \\\text { Depreciation Expense } & 72,000 \\\text { Amortization of Intangible Assets } & 9,000 \\\text { Beginning Accounts Receivable } & 336,000 \\\text { Ending Accounts Receivable } & 351,000 \\\text { Beginning Inventory } & 413,000 \\\text { Ending Inventory } & 450,000\\\text { Beginning Prepaid Expenses } & 34,000 \\\text { Ending Prepaid Expenses } & 38,000 \\\text { Beginning Accounts Payable } & 95,000 \\\text { Ending Accounts Payable } & 116,000 \\\text { Purchase of Long-Term Assets for Cash } & 493,000 \\\text { Cash from Issuance of Long-Term Debt } & 160,000 \\\text { Issuance of Stock for Cash } & 128,000 \\\text { Issuance of Stock for Long-Term Assets } & 88,000 \\\text { Purchase of Treasury Stock } & 51,000 \\\text { Sale of Long-Term Investment at Cost } & 31,000\end{array}$
a. Calculate the net cash flows from operating activities. Show your work.
b. Calculate the net cash flows from investing activities. Show your work.
c. Calculate the net cash flows from financing activities. Show your work.
d. Calculate the net change in cash. Show your work.

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Definitions:

France and Spain

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Florida

A southeastern U.S. state known for its tropical climate, extensive coastlines, diverse wildlife, and as a popular tourist destination.

European Settlement

The establishment of communities and colonies in non-European lands by European explorers and settlers, often resulting in significant cultural, social, and political changes.

Strategic Importance

The significance of a location, action, or idea based on its potential to influence outcomes in military, political, or economic arenas.