From Balance sheet:

Dec. $31,2010$

Dec. $31,2011$

Assets

Liabilities and Equity

From Income Statement $($for the year ended December $31,2011)$

Net Income

$$102,000$

Other available information:

During the year, Alethea Inc. sold equipment costing $$30,000$ with $$16,000$ in

Accumulated Depreciation.

The company partially financed the purchase of new PPE through issuing a note

payable in the amount of $$13,000.$ Other than that, the company didn't borrow new

debt in this year.

What is the cash flow from operating activities in year $2011?(9$ pts$)$

Alethea Inc. reports that in year $2020,25\%$ of the sales$/$revenue is cash

sales. What is the cash collection from customers in year $2011?(4$ pts$)$

What is the cash payment to suppliers in year $2011?(4$ pts$)$

What is the cash proceeds from the sale of PPE in $2011?(3$ pts$)$

What is the cash spent to purchase new equipment in $2011?(4$ points$)$

Find the value of A $($i$.$e$.,$ Equipment$-$at cost on Dec $31,2011)?(3$ points$)$

Find the value of B $($i$.$e$.,$ Accumulated Depreciation on Dec $31,2011)?(2$ pts$)$