Burle Industries is a manufacturer of heavy mining equipment. The company has been in operation for ten years, and during the last ve years the company has been a publicly held rm. Financial data (in random order) for Burle Industries for the year ending 12/31/X7 are presented as follows:

Gross Prot

$20,000

Accum. Depreciation

$60,000

Accounts Payable

$6,000

Revenue

$35,000

Depreciation Expense

$6,000

Cash

$9,000

Notes Payable

$500

Paid-in Capital

$10,000

Fixed Assets

$90,000

Retained Earnings

$21,500

Accounts Receivable

$15,000

SG&A Expenses

$2,000

Inventory

$7,000

Long-term Debt

$3,000

Interest Expense

$270

Common Stock

$20,000

Income Taxes

$4,692

Over the course of the year, accounts receivable increased by $1,200, inventory decreased by $750, accounts payable increased by $400, new xed assets were purchased for $10,000, and long-term debt was reduced by $1,000.

Calculate the cost of goods sold for Burle Industries for the period ending December 31, 20X7.

A. $15,000. B. $20,000. C. $10,000. D. $5,000.

Assuming that Burle Industries did not pay any dividends to common stockholders, what was the addition to retained earnings in 20X7?

A. $4,692.

B. $7,038.

C. $11,730.

D. $21,500.

Calculate the cash ow from operations for Burle Industries for the year ending December 31, 20X7.

A. $6,988.

B. $7,088.

C. $12,988.

D. $13,088.

Calculate the total cash ow for Burle Industries for the year ending December 31, 20X7.

A. $1,988.

B. $2,988.

C. $3,988.

D. $11,988