13 You are given the following information. FirFirst, find the sum of the cash from operations, cash from investing activities and cash from financing activities, and then answer the question: What is the change in cash for the year ending 2011? AAssume the "marketable securities are not "cash," but are like other current assets such as accounts receivable, inventory, etc. ABC Income Statement Ending Dec. 31st 2010 $ 2011 Net Sales 600,000 - COGS 460,000 Gross Profit 140,000 20,000 - Marketing Expenses - Administrative Expenses 8,000 - Building rental 2,000 -Depreciation expense 30000 EBIT 80,000 10,000 -Interest 70,000 EBT -Taxes 27,100 42,900 Net Income Save Click Save and Submit to save and submit. Click Save All Answers to save all answers. Marketing Expenses - Administrative Expenses - Building rental -Depreciation expense EBIT 140,000 20,000 8,000 2,000 30000 -Interest EBT 80,000 10,000 70,000 27,100 -Taxes Net Income 42,900 Dividends 31,800 Change in Retained Earnings 11,100 ABC Balance Sheet Ending Dec. 31st ($) Assets Data not provided by firms. You calculate it. 2010 2011 Change Cash 15,000 14,000 6,200 33,000 6,000 Marketable Securities Receivables 42,000 and cuhmit Click Save All Answers to save all answers. Sa ABC Balance Sheet Ending Dec. 31st ($) Assets Data not provided by firms. You calculate it. 2010 2011 Change Cash 14,000 15,000 6,000 Marketable Securities 6,200 Receivables 42,000 33,000 Inventories 52,200 85,100 Total Current Assets 115,200 138,300 Gross Fixed Assets Less: Accumulated Depreciation Net Fixed Assets 286,000 270,000 401,200 408,300 Total Assets Liabilities and Equity 48,000 57,000 Payables 6,000 5,000 Accrued Wages 15,000 13,000 Bank Loan 0 0 Other Current Liabilities 69,000 75,000 Total Current liabilities Net Fixed Assets 286,000 401,200 270,000 408,300 Total Assets Liabilities and Equity Payables Accrued Wages Bank Loan 48,000 57,000 6,000 5,000 15,000 13,000 Other Current Liabilities 0 0 Total Current Liabilities 69,000 75,000 160,000 150,000 Long-term Debt Owner's Equity Common Stock (@par + APIC) Retained Earnings 122,200 122,200 61,100 50,000 A. $(1,000) B. $1,000 C. $2,000 D. $(2,000) E. None of the above