Homework Answers
1. Cash = sales made + decrease in account receivable
= $764000 + $23400 = $787400
So source of cash $787400
2. Cash paid = income tax expense + decrease in tax payable
= $138000 + $38500
= $176500
So use of cash $176500
3. Purchase = Cost of goods sold + increase in inventory
= $409000 + $13600 = $422600
Cash paid = purchase - increase in account payable
= $422600 - $19500
= $403100
Use of cash $403100
4. Cash paid = net increase in value + depreciation
= $244000 + $188000
= $432000
Use of cash $432000.
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