7. Comprehensive Cash Flow

The Murray Company reported the following income statement for the current year and two years of balance sheet information.

Sales			440,000
Gain on sale of equipment			6,000
	Total revenue		446,000
Expenses
	Cost of Goods Sold	285,000
	Wages Expense	60,000
	Rent Expense	24,000
	Depreciation Expense	15,000
	Insurance Expense	12,000	396,000
Net Income			50,000

Balance Sheets

	Year 2	Year 1
Cash	5,000	4,000
Accounts Receivable	48,000	42,000
Inventory	60,000	76,000
Prepaid Insurance	6,000	4,000
Land	20,000	10,000
Building, net	90,000	100,000
Equipment, net	60,000	60,000
Total Assets	289,000	296,000
Accounts Payable	28,000	16,000
Wages Payable	5,000	8,000
Long-term Notes Payable	53,000	100,000
Common Stock	157,000	150,000
Retained Earnings	46,000	22,000
Total Liabilities + SHE	289,000	296,000

Equipment with a book value of 10,000 was sold for cash. Depreciation expense on the building was 10,000. The remainder of depreciation expense was attributable to equipment.

Q1: The amount of cash generated from operations this year was:

1. 30,000
2. 42,000
3. 59,000
4. 76,000
5. 82,000

Q2: The cash payment for dividends was:

1. 23,000
2. 24,000
3. 26,000
4. 29,000

Q3: The cash inflow (outflow) from investing activities was:

1. (9,000)
2. (6,000)
3. (4,000)
4. (15,000)
5. 6,000

Q4: The cash inflow (outflow) from financing activities was:

1. (40,000)
2. 31,000
3. (78,000)
4. (66,000)