Laura Logistics, Inc., ended 2016 with $28,000 in cash. During 2017, Laura Logistics had net income...
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Laura Logistics, Inc., ended 2016 with $28,000 in cash. During 2017, Laura Logistics had net income of $155,000 and had adjustments to reconcile net income to net cash provided by operations totaling -$22,000. During 2017, Laura Logistics purchased $361,000 of equipment and had to order borrowed half this amount in a long-term note. In addition, Laura Logistics paid dividends of $6,000 and sold old equipment for $87,000 in cash.
What is the net cash flow from operating activities?
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