Zamzama Corp. reports the following on its balance sheets: December...
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Accounting
Zamzama Corp. reports the following on its balance sheets:
December 31, 2022
December 31, 2021
Property and equipment, at cost
$251,000
$147,000
Common stock
797,000
604,000
During 2022, Zamzama exchanged common stock for equipment worth $46,000. The remainder of the increase in property and equipment resulted from Zamzama buying equipment for cash. The remainder of the increase in common stock resulted from Zamzama issuing common stock for cash.
On its 2022 statement of cash flows, Zamzama will report net cash flows from investing activities of:
[Enter a net cash inflow as a positive number or a net cash outflow as a negative number.]
PLEASE PROVIDE THE SUPPORTING CALCULATIONS. tHANK YOU
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