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2021 Income Statement ($ in thousands) Net sales $5,790 Cost of goods 4,150 sold Depreciation 325 Earnings before interest and $1,315 taxes Interest paid 27

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2021 Income Statement ($ in thousands) Net sales $5,790 Cost of goods 4,150 sold Depreciation 325 Earnings before interest and $1,315 taxes Interest paid 27 Taxable income $1,288 Taxes 270 Net income $1,018 Bayside, Incorporated 2020 and 2021 Balance Sheets ($ in thousands) 2020 2021 2020 2021 Cash $80 - $185 Accounts payable 1005 980 Accounts 920 760 Accruals 160 170 received Inventory 1,565 1,970 Notes Payable 220 185 Total $2,565 $2,915 Total $1,385 $1,335 Long-term debt 740 540 Common stock 3.190 3,210 Net fixed 3,560 3.230 Retained earnings 810 assets 1,060 220 185 Inventory 1,565 1,970 Notes Payable Total $2,565 $2,915 Total $1,385 $1,335 Long-term debt 740 540 Common stock 3,190 3,210 Net fixed assets 3,560 3,230 Retained earnings 810 1,060 Total Total liabilities & $6,125 $6,145 equity $6,125 $6,145 assets What is the change in financing activities? 0-1652 0 -983 -1791 -1223

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