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Richardson, Inc. Balance Sheets For the years ending December 31, 2011 and 2012) Cash Accounts receivable Inventory Current assets Gross fixed assets (Accumulated depreciation) Net
Richardson, Inc. Balance Sheets For the years ending December 31, 2011 and 2012) Cash Accounts receivable Inventory Current assets Gross fixed assets (Accumulated depreciation) Net fixed assets Total assets 2011 200 800 3,600 4,600 22,000 (12,000) 10,000 14,600 2012 100 1,400 3,100 4,600 31,000 (14,000) 17,000 21,600 Notes payable 100 Accounts payable 400 600 Accruals 300 200 Current portion of LT Debt 800 1,400 Current liabilities 1,600 2,200 Long-term debt 1,200 2,800 Common stock 2,100 3,400 Additional paid in capital 8,600 11,900 Retained earnings 1,100 1,300 Total liabilities and equity 14,600 21,600 On its 2011 income statement, Richardson Inc. reported net income of $1,370 and on its 2012 income statement, the company reported net income of $1,730. Based on this information (and given the company's balance sheets for 2011 and 2012 in the chart above), compute Net Cash Flows from Financing Activities for Richardson in 2012
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