Item As of Dec. 31, 2019 As of Dec 31,2020

cash 20,000 29,000

A/C receivables 30,000 46,000

inventories 60,000 170,000

total current assets 110,000 245,000

gross plant and equip. 485,000 430,000

accumulated depreciation 100,000 130,000

net plant and equip. 385,000 300,000

total assets 495,000 545,000

notes payable 26,000 15,000

accounts payable to suppliers 48,000 48,000

accruals 10,000 12,000

total current liabilities 84,000 75,000

long -term debt 200,000 250,000

common stock( 2.50 par value) 36,000 85,000

capital surplus 80,000 90,000

retained earnings 95,000 45,000

total liabilities and equity 495,000 545,000

market price per share 10.00 12.00

income statement jan 1, 2020 - dec 31, 2020

sales 800,000

cost of goods sold 560,000

gross profit 240,000

less general and admin expenses 40,000

less depreciation 30,000

operating income 170,000

less interest expenses 78,000

earnings before taxes (EBT) 92,000

less taxes 30,000

net income 62,000

1. what is the cash flow from operating, financing and investing activities 0f 2020 (second value on the balance sheet)?

2. what is the market value of shareholder's wealth on december 31, 2020?

3. suppose you make 8 equal quarterly deposits of a $2,000 every quarter starting next quarter (at t=1). assume that the stated annual rate of interest is 12.00%, compounded quarterly.

compute how much will you have in your account at the end of 7 years (t=7).