E9-54. Calculate change in cash. (LO 1, 4, 6)
Given the following information, calculate the change in cash for the year.
|
Cash received from sale of equipment |
$ 20,000 |
|
Cash paid for salaries |
8,250 |
|
Depreciation expense for the year |
12,450 |
|
Cash received from issue of stock |
150,000 |
|
Cash collected from customers |
87,900 |
|
Cash received from sale of land |
14,500 |
|
Cash paid for operating expenses |
2,000 |
|
Cash paid to vendor for inventory |
32,480 |