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Income Statement for Fair Company 2016 Revenue $ 9,610 less COGS $ 6,310 less Depreciation $ 1,370 Gross Income $ 1,930 less S,G&A $ -

Income Statement for Fair Company

2016

Revenue

$ 9,610

less

COGS

$ 6,310

less

Depreciation

$ 1,370

Gross Income

$ 1,930

less

S,G&A

$ -

EBIT

$ 1,930

less

Interest Expense

$ 630

taxable income

$ 1,300

Taxes

$ 455

Net Income

$ 845

Balance Sheet for Fair Company

Assets

Liabilities and Shareholder Equity

2015

2016

2015

2016

Cash

310

405

Accounts Payable

2720

2570

Accounts receivable

2640

3055

Notes Payable

100

0

Inventory

3275

3850

total current

2820

2570

Pre-paid expenses

0

0

Long-term debt

7875

8100

total current

$ 6,225

$ 7,310

Common Stock

5000

5250

Next fixed assets (PPE)

$ 10,960

10670

Retained Earnings

1490

2060

Total Assets

$ 17,185

$ 17,980

$ 17,185

$ 17,980

.

What is the operating cash flow for 2016? A. $845 B. $1,930 C. $2,215 D. $2,845 E. $3,060

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