Question
Member's Flooring Company 2011 2012 Cash 500 800 Accounts receivable 1,400 1,200 Inventory 3,900 4,400 Net fixed assets 8,200 8,200 Land 1,000 2,000 Total Assets
Member's Flooring Company 2011 2012 Cash 500 800 Accounts receivable 1,400 1,200 Inventory 3,900 4,400 Net fixed assets 8,200 8,200 Land 1,000 2,000 Total Assets 15,000 16,600 Notes payable 1,000 600 Accounts payable 3,000 2,000 Accruals 500 900 Long-term debt 3,600 5,400 Common Stock 2,500 2,200 Retained earnings 4,400 5,500 Total Liabilities and Equity 15,000 16,600 Given the Balance Sheets for Member's Flooring Company above for the years ending December 31, 2011 and 2012, find Net Cash Flow from Financing Activities for 2012 assuming the following income statement data: Net income (2012) = $2,865 and Depreciation (2012) = $1,260 Round your answer as a whole number and record without a dollar sign and without commas. For example, record $3,204.854 as 3205. To show a negative cash flow (i.e., a net cash outflow), place a negative sign before your answer with no space between the negative sign and the number. Thus, record negative 5,432 as -5432.
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