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Rocket Company Balance Sheet December 31, 2012 and 2011 2011 70,000 100,000 115,000 $70.000) 2012 Assets Accounts receivable, net 60.000 Inventory 80,000 Building and equipment

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Rocket Company Balance Sheet December 31, 2012 and 2011 2011 70,000 100,000 115,000 $70.000) 2012 Assets Accounts receivable, net 60.000 Inventory 80,000 Building and equipment 130,000 Accumulated depreciation 185.000) Liabilities and Stockholders' Equity Accounts payable $ 30,000 Current notes payable 50,000 Common stock 110,000 Retained earnings 61.000 Additional information Net income for 2012 is $45,000. During 2012 cash payments for building and equipment $15,000. ** During 2012 cash paid for retirement of notes payable $10,000. *** During 2012 cash received from issuance of stock. Note: Cash dividends of $68,000 were paid during 2012. $ 35,000 60,000 100,000 84.000 Net cash provided (used) by opersting activties will be: A. 85.000 B.55,000 C. 70.000 D 80,000

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