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Momber'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
Momber'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 Momber'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) = $3,792 and Depreciation (2012) = $612
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