Below are cash transactions for Goldman Incorporated, which provides consulting a. Cash used for purchase...
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Below are cash transactions for Goldman Incorporated, which provides consulting a. Cash used for purchase of office supplies, $1,700. b. Cash provided from consulting to customers, $43,600. c. Cash used for purchase of mining equipment, $69,000. d. Cash provided from long-term borrowing, $56,000. e. Cash used for payment of employee salaries, $23,600 f. Cash used for payment of office rent, $11,600. g. Cash provided from sale of equipment purchased in c. above, $22,100. h. Cash used to repay a portion of the long-term borrowing in d. above, $38,000. i. Cash used to pay office utilities, $3,900 j Purchase of company vehicle, paying $9,600 cash and borrowing $14,600 Required: Calculate cash flows from operating activities. (List cash outflows as negative am Cash flows from operating activities to ih
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