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Calculate the company net cash flows from financing activity

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    Assignment ID: FG132569651

    THE Company reported the following selected account balances for 2021:
                                                  Jan. 1, 2021                  Dec. 31, 2021Accounts payable                       47,000                             28,000Common stock                           100,000                              176,000  Inventory                                    52,000                                86,000Investments                               68,000                                   84,000Mortgage payable                            99,000                                 86,000Retained earnings                           43,000                                   51,000
    THE Company’s 2021 income statement appears below:
    Sales revenue              $500,000Cost of goods sold            360,000Other expenses                  85,000Net income                      $ 55,000
    Question 1: Calculate THE Company’s net cash flows from financing activities for 2021.

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