Directions: Be sure to save an electronic copy of your answer before submitting it to Ashworth College for grading. Unless otherwise stated, answer in complete sentences, and be sure to use correct English, spelling and grammar. Sources must be cited in APA format. Your response should be four (4) double-spaced pages in length; refer to the "Assignment Format! located in the Introduction of this learning guide for specific format requirements.
Part A (5 points each for a possible total of 15 points)
The following information is given for Tripp Company, which uses the indirect method.
Net income $20,000 Depreciation expense 3,000 Increase in accounts receivable 2,000 Payment of dividends 2,000 Proceeds from sale of equipment 6,000 Increase in accounts payable 4,000 Decrease in inventory 3,000
From the information provided, answer the following questions:
(1) The cash flow from operating activities is (2) The cash flow from investing activities is (3) The cash flow from financing activities is