.

20. Based on the information in Table 3-1, calculate the after tax cash flow from operations for 2008 (no assets were disposed of during the year, and there was no change in interest payable or taxes payable). Table 3-1 Jones Company Financial Information

	December 2009	December 2010
Net Income	$2,000	$4,000
Accounts receivable	750	950
Accumulated depreciation	1,000	1,500
Common stock	4,500	5000
Paid-in capital	7,500	8500
Retained earnings	1,500	3,500
Accounts payable	750	750

(Points : 2)

$4,300

$1,450

$5,500

$6,250