Refer to the Summit Furniture Company example (Table 4.2). Recalculate the cash and cash equivalents at the end of 2010 assuming that (1) the company had 2010 capital expenditures of $22,000; (2) it paid dividends of $800; and (3)

it did not issue any common stock. Assume that Summit’s other cash flows are the same as those shown in Table 4.2. P715