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Question 36 (2 points) The balance sheets and some associated income statement data for Years 1, 2 and 3 for BigBox Retail, Inc. are presented

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Question 36 (2 points) The balance sheets and some associated income statement data for Years 1, 2 and 3 for BigBox Retail, Inc. are presented in the tables below. Using this information, compute Net Cash Flows from Financing Activities for the company for Year 3 (that is, NCF from Operating Activities from the end of Year 2 to the end of Year 3). BigBox Retail, Inc. Balance Sheets for the Years Ending December 31, (all amounts in dollars) Cash Accounts receivable Inventory Total current assets Net fixed assets Total assets Year 1 10,560 73,920 49,280 133,760 218,240 352,000 Year 2 16,040 88,220 52.130 156,390 244.610 401,000 Year 3 12,750 97.750 51.000 161,500 263,500 425,000 Notes payable Accounts payable Accruals Total current liabilities 3,520 24,640 3,520 31,680 8,020 24,060 8,020 40,100 4.250 25,500 4,250 34,000 401.000 425.000 Notes payable Accounts payable Accruals Total current liabilities Long-term debt Common stock Capital surplus Retained earnings Total liabilities and equity 3,520 24,640 3,520 31,680 112,640 63,360 10,560 133,760 352,000 8.020 24.060 8,020 40.100 132,330 68,170 8,020 152,380 401.000 4,250 25,500 4,250 34.000 136.000 76,500 12,750 165.750 425,000 Additional Data from Associated Income Statements: Year 1 Year 2 Sales, net 704,000 802,000 Depreciation expense 18,260 19,010 Net income 14,080 16,040 Year 3 850,000 19,620 17,000

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