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?

---

Definitions:

Motivated

Refers to being driven or encouraged to act or accomplish something due to either internal desires or external rewards.

Achieve

To successfully reach a desired or intended goal, often as a result of effort or skill.

Teams Competency

The combined skills, knowledge, and abilities of a team that enable it to perform effectively and achieve its goals.

SEI Investments

A global provider of investment processing, management, and operations solutions to corporations, financial institutions, financial advisors, and ultra-high-net-worth families.