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Following data pertain to Snowy Inc. Income statement for the year ending 12/31/2012 Sales 10,870 Cost of goods sold 5,300 Administrative expenses 1,520 Depreciation expense

Following data pertain to Snowy Inc.

Income statement for the year ending 12/31/2012
Sales 10,870
Cost of goods sold 5,300
Administrative expenses 1,520
Depreciation expense 270
Income tax expense 1,512
8,602
Net Income 2,268

Balance Sheets for 2012 and 2011 are presented below:
December 31
2012 2011
Assets
Current Assets:
Cash............................................................................................................................... $ 34 $ 248
Accounts receivable..................................................................................................... 2,685 965
Inventory....................................................................................................................... 1,750 1,015
Prepaid insurance........................................................................................................ 6 12
Marketable securities.................................................................................................. 250 ---
Total current assets........................................................................................... $4,725 $2,240
Noncurrent assets:
Land ............................................................................................................................... $ 800 $1,100
Building ......................................................................................................................... 4,800 2,700
Accumulated depreciation - building ......................................................................... (1,120) (850)
Total noncurrent assets..................................................................................... $4,480 $2,950
Total assets.................................................................................................................... $9,205 $5,190
Liabilities and Stockholders Equity
Current liabilities:
Accounts payable.......................................................................................................... $ 75 $ 200
Notes payable................................................................................................................ 460 360
Salaries payable............................................................................................................. 130 150
Income taxes payable................................................................................................... 168 40
Total current liabilities......................................................................................... $ 833 $ 750
Noncurrent liabilities:
Bonds payable.............................................................................................................. 2,200 2,200
Total Liabilities.................................................................................................... $3,033 $2,950
Stakeholders equity:
Common stock............................................................................................................... $3,664 $1,500
Retained earnings......................................................................................................... 2,508 740
Total stockholders' equity....................................................................................... $6,172 $2,240
Total liabilities and stockholders' equity.................................................................... $9,205 $5,190

C. Compute the Cash flow from Financing activities for Snowy Inc. for the year ending 12/31/12. Show individual items (assets, liabilities etc. that resulted in this number).

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