(Answered) Hefty inc reported the following information for the

Accounting

Hefty Inc. reported the following information for the year:

· cash inflows from operating activities of $167,000
· cash outflows from investing activities of $212,000
· cash inflows from financing activities of $68,000
· net loss of $12,000
· Beginning cash balance of $8,000.

Required:

a) Determine the ending balance in cash as reported on the cash flow statement.
b) Explain how it is possible for Hefty to have a net loss but a positive cash flow from operating activities.

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