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Armstrong Industries had the following operating results for 2 0 2 1 : Sales = $ 3 5 , 0 0 0 ; Cost of

Armstrong Industries had the following operating results for 2021: Sales = $35,000; Cost of goods sold = $24,000; Depreciation expense = $6,000; Interest expense = $2,700; Dividends paid = $2000. At the beginning of the year, net fixed assets were $20,000, current assets were $7,000, and current liabilities were $4,000. At the end of the year, net fixed assets were $21,500, current assets were $8,700, and current liabilities were $4,700. The tax rate for 2021 was 21 percent. What is Armstrong's 2021 Cash Flow from Assets (CFFA)?
20002021
Sales $35000
COGS $24000
Depreciation $6000
Interest Expense $2700
Dividends Paid $2000
Net Fixed Assets $20000 $21500
Current Assets $7000 $8700
Current Liabilities $4000 $4700
Tax Rate 21%21%
Group of answer choices
$483
$3,017
$2,017
$1,817
$7,334
$1,000
$7,500
$10,517

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