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Question completion at The Spirit One Inc. has the following bence sheet Spirit One Inc Dec 31, Income Statements 2010 Sales $2,000,000 Depreciation Expense 90,000

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Question completion at The Spirit One Inc. has the following bence sheet Spirit One Inc Dec 31, Income Statements 2010 Sales $2,000,000 Depreciation Expense 90,000 Net Income 200,000 Dividends Paid 50,000 2011 $2,000,000 60,000 150,000 60,000 Balance Sheet Dec. 31st Left Hand Side of BS 2010 Cash $75,000 Accounts Receivable 300,000 Inventory 600,000 Total Current Assets 975,000 Gross Fixed Assets 675,000 Accumulated Depreciation 175,000 Net Fixed Assets 500,000 Total Current Assets 1,475,000 2011 $30,000 420,000 750,000 1,200,000 540,000 265,000 275,000 1,475,000 Right Hand Side of BS Accounts payable Accruals Bank Debt 200,000 100,000 200,000 125,000 200,000 125,000 Balance Sheet Dec 314 Left Hand Side of BS 2010 Cash 575,000 Accounts Receivable 300,000 Inventory 600,000 Total Current Assets 975,000 Gross Fixed Assets 675,000 Accumulated Depreciation 175,000 Net Fixed Assets 500,000 Total Current Assets 1.475,000 2011 $30.000 420.000 750,000 1.200.000 540,000 265.000 275,000 1.475.000 Right Hand Side of BS Accounts payable Accruals Bank Debt Total Current Liabilities Long Term Debt Common Stock (S0.01Par) Additional Paid In Capital Retained Earnings Total Debt and Equity 200.000 100,000 200,000 500,000 400,000 200,000 175,000 200,000 1,475,000 125,000 200,000 125,000 450,000 300.000 200,000 175,000 350,000 1.475,000 For 2011, find the Cash flow from operating activities for Spirit One Inc. A. $(25, 000) B. $(35, 000) C. $(50,000) OD. $(45, 000) E. None of the above

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