Momber's Flooring Company | ||||
2011 | 2012 | |||
Cash | 500 | 800 | ||
Accounts receivable | 1,400 | 1,200 | ||
Inventory | 3,900 | 4,400 | ||
Net fixed assets | 8,200 | 8,200 | ||
Land | 1,000 | 2,000 | ||
Total Assets | 15,000 | 16,600 | ||
Notes payable | 1,000 | 600 | ||
Accounts payable | 3,000 | 2,000 | ||
Accruals | 500 | 900 | ||
Long-term debt | 3,600 | 5,400 | ||
Common Stock | 2,500 | 2,200 | ||
Retained earnings | 4,400 | 5,500 | ||
Total Liabilities and Equity | 15,000 | 16,600 |
Given the Balance Sheets for Momber's Flooring Company above for the years ending December 31, 2011 and 2012, find Net Cash Flow from Financing Activities for 2012 assuming the following income statement data:
Net income (2012) = $3,074 and Depreciation (2012) = $1,720
Round your answer as a whole number and record without a dollar sign and without commas. For example, record $3,204.854 as 3205. To show a negative cash flow (i.e., a net cash outflow), place a negative sign before your answer with no space between the negative sign and the number. Thus, record negative 5,432 as -5432.
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