1. Ames Company reported 2012 net income of $151,000. During 2012, accounts receivable increased by $13,000 and accounts payable increased by $9,500. Depreciation expense was $44,000. Prepare the cash flows from operating activities section of the statement of cash flows.
2. Martinez Corporation engaged in the following cash transactions during 2012.
|
Sale of land and building |
$191,000 |
|
Purchase of treasury stock |
40,000 |
|
Purchase of land |
37,000 |
|
Payment of cash dividend |
95,000 |
|
Purchase of equipment |
53,000 |
|
Issuance of common stock |
147,000 |
|
Retirement of bonds |
100,000 |
Compute the net cash provided (used) by investing activities.