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Use the following information in answering the following 4 questions. Below are balance sheet and income statement data for Howard Bannister Company. Note: For the balance sheet data, the end-of-year information is in the left column.

Balance Sheet Data
	20X2	20X1
Accounts Payable	165	95
Accumulated Depreciation	520	339
Cash	200	100
Common Stock	1,000	700
DIVIDENDS PAYABLE	40	25
Equipment	2,700	2,395
Income Tax Payable	100	135
Inventory	1,120	890
Mortgage Payable	900	1,265
Prepaid General Expenses	300	350
Retained Earnings (ending balance, after closing)	1,545	1,098
Unearned Sales Revenue	50	78

Income Statement Data (for 20X2)
Sales		10,000
Loss on sale of PPE	100
Cost of Goods Sold	6,000
General Expense	2,000
Depreciation Expense	330
Income Tax Expense	700
Total Expenses		9,130
Net Income		870

Additional Information:

Equipment with a book value of $300 was sold during 20X2.

All accounts payable relate to inventory purchases.

Equipment costing $160 was purchased with a mortgage during 20X2. This fact is already reflected in the balance sheet numbers reported above. All other purchases of Equipment in 20X2 were cash transactions.

4. Compute the amount of Cash Paid for Inventory Purchases in 20X2.

$6,100

$5,700

$6,160

$6,230

$5,840

$6,300

$6,280

5. Compute the total CASH FROM OPERATING ACTIVITIES in 20X2.

$1,183

$1,200

$1,300

$927

$697

$1,027

$1,227

$1,127

6. Compute the total CASH FROM INVESTING ACTIVITIES in 20X2.

net outflow of $394

net outflow of $343

net outflow of $455

net inflow of $500

7. Compute the CASH PAID FOR DIVIDENDS in 20X2.

$422

$458

$378

$428

$408

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