QUESTION 4 13 You are given the following information. What is the net cash from operations for the end of the year 2011? AAssume the "marketable securities are not "cash," but are like other current assets such as accounts receivable, inventory, etc. ABC Income Statement Ending Dec. 31st 2010 $ 2011 Net Sales - COGS Gross Profit 600,000 460,000 140,000 20,000 8,000 - Marketing Expenses - Administrative Expenses - Building rental -Depreciation expense 2,000 30000 EBIT -Interest EBT 80,000 10,000 70,000 27,100 42,900 - Taxes Net Income Save Submit to save and submit. Click Save All Answers to save all answers. Gross Profit 460,000 140,000 20,000 8,000 - Marketing Expenses - Administrative Expenses - Building rental -Depreciation expense EBIT 2,000 30000 80,000 -Interest EBT -Taxes 10,000 70,000 27,100 42,900 31,800 11,100 Net Income Dividends Change in Retained Earnings ABC Balance Sheet Ending Dec. 31st ($) Data not provided by firms. You calculate it. Assets 2010 2011 Change 15,000 14,000 Cash 6,000 6,200 ABC Balance Sheet Ending Dec. 31st ($) Assets Data not provided by firms. You calculate it. 2010 2011 Change Cash Marketable Securities 15,000 6,000 42,000 Receivables 14,000 6,200 33,000 85,100 Inventories 52,200 Total Current Assets 115,200 138,300 Gross Fixed Assets Less: Accumulated Depreciation Net Fixed Assets 286,000 401,200 270,000 408,300 Total Assets Liabilities and Equity 48,000 57,000 Payables Accrued Wages 6,000 5,000 15,000 13,000 Bank Loan 0 Other Current Liabilities 69 non 75,000 Liabilities and Equity Payables Accrued Wages 48,000 6,000 57,000 5,000 Bank Loan 15,000 13,000 Other Current Liabilities 0 0 Total Current Liabilities 69,000 75,000 160,000 150,000 Long-term Debt Owner's Equity Common Stock (@par + APIC) Retained Earnings 122,200 122,200 50,000 61,100 A. $20, 600 B. $57, 900 C. $66,500 D. $85, 400 E. $56, 800 QUESTION 5 min on the following information. First calculate the changes in all the balance sheet accounts, and then answer the following qu