Question
Following information is for solving questions in this section below. The 2020 and 2021 statements of financial position of Elizabeth's Bicycle Shop Inc. showed the
Following information is for solving questions in this section below. The 2020 and 2021 statements of financial position of Elizabeth's Bicycle Shop Inc. showed the following
| As of December 31, 2020 | As of December 31, 2021 | |
| Long Term Debt | 1,600,000 | 1,750,000 |
| Common Stock | 855,000 | 915,000 |
| Accumulated Retained Earnings | 5,200,000 | 5,500,000 |
| Interest Paid in 2021 | 160,000 | |
| Dividends Paid in 2021 | 465,000 | |
| Net Capital Spending in 2021 | 1,450,000 | |
| Reduction in Net Working Capital in 2021 | 55,000 |
What was the cash flow from assets for the year 2021?
a. 415,000
b. 395,000
c. 454,000
d. 505,000
e. 354,000
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