Posted: February 26th, 2015

The following information is given for Tripp Company, which uses the indirect method. Net income $20,000 Depreciation expense 3,000

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 ________

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