Given the Following Data: Income Statement

Given the following data: Income Statement
For Year Ended Dec. 31, 2011 Additional information:
1.Increase in accounts receivable during 2011 - $25,000
2.Decrease in inventory during 2011 - $13,000
3.Decrease in accounts payable during 2001 - $28,000
4.Sale of old equipment for cash - $65,000
5.Dividends declared - $45,000; dividends paid - $40,000
6.New building acquired by issuing common shares - $42,000
7.Sold bonds for cash - proceeds of $75,000
What was net cash inflow (outflow) from operating activities during 2011?

Correct Answer:

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