Given the Following Data:
Income Statement
for the Year Ended

question 139

Essay

Given the following data:
Income Statement
For the Year Ended DeC. 31, 2011 $\begin{array} { | l | l | } \hline \text { Net sales } & \$ 750,000 \\\hline \text { Cost of goods sold } & ( 400,000 ) \\\hline \text { Cash operating expenses } & ( 200,000 ) \\\hline \text { Depreciation and amortization expense } & ( 50,000 ) \\\hline \text { Gain on sale of equipment } & 30,000 \\\hline \text { Net income } & \$ 130,000 \\\hline\end{array}$ Additional information:
1. Increase in accounts receivable during 2011 - $25,000
2. Decrease in inventory during 2011 - $13,000
3. Decrease in accounts payable during 2001 - $28,000
4. Sale of old equipment for cash - $65,000
5. Dividends declared - $45,000; dividends paid - $40,000
6. New building acquired by issuing common shares - $42,000
7. Sold bonds for cash - proceeds of $75,000
What was net cash inflow (outflow) from operating activities during 2011?

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Definitions:

Rental Units

Rental units refer to properties available for rent, including apartments, houses, and commercial spaces, which provide housing or operational space for tenants.

Actual Price

The price at which a good or service is sold, reflecting current market conditions and agreed upon by buyers and sellers.

Rent Controls

Government-imposed limits on the rent landlords can charge tenants.

Rental Units

Housing accommodations that are leased to tenants, typically involving a payment made at regular intervals for the use of the property.