19 sound electronics reported the following statement of cash flows for the year end 4352227

19.Sound Electronics reported the following statement of cash flows for the year ended April 30, 2007:

Sound Electronics

Statement of Cash Flows

For the Year Ended April 30, 2007

Cash collected from customers$200,000

Payments:

To suppliers of merchandise$75,000

To employees30,000

For income taxes16,000(121,000)

79,000

Purchase of equipment(25,000)

Sales of investments15,000(10,000)

Proceeds for issuing common stock75,000

Payment of dividends(13,000)62,000

$131,000

Required:

Determine (a) cash flow from operating activities, (b) cash flow from financing activities, (c) cash flow from investing activities and (d) net increase (decrease) in cash.

20.Melchor Company had the following cash flows and other activities for the quarter ended March 31, 2007

Received from customers$195,000

Received from issuing stock75,000

Received from sale of equipment5,000

Depreciation expense6,000

Paid for land17,500

Paid for merchandise140,000

Paid for income taxes8,500

Paid to employees35,000

Paid to owners12,500

Paid for rent6,000

Required:

Determine (a) net cash flow from operating activities, (b) net cash flow from investing activities, and (c) net cash flow from financing activities.

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