Thompson, Inc. Balance Sheets For the years ending December 31, 2011 and 2012) 2011 2012 Cash...
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Thompson, Inc. Balance Sheets For the years ending December 31, 2011 and 2012) 2011 2012 Cash 800 300 Accounts receivable 3,700 3,000 Inventory 8,400 10,200 Current assets 12,900 13,500 Net fixed assets 34,500 42,600 Total assets 47,400 56,100 Notes payable 1,600 Accounts payable 1,000 800 Accruals 600 700 Current liabilities 1,600 3,100 Long-term debt 10,700 10,000 Common stock 6,000 8,000 Capital surplus 18,900 24,100 Retained earnings 10,200 10,900 Total liabilities and equity 47,400 56,100 In its 2011 income statement, Thompson Inc. reported net income of $1,010 and depreciation expense of $300. On its 2012 income statement, the company reported net income of $2,010 and depreciation expense of $490. 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 Thompson in 2012. Thompson, Inc. Balance Sheets For the years ending December 31, 2011 and 2012) 2011 2012 Cash 800 300 Accounts receivable 3,700 3,000 Inventory 8,400 10,200 Current assets 12,900 13,500 Net fixed assets 34,500 42,600 Total assets 47,400 56,100 Notes payable 1,600 Accounts payable 1,000 800 Accruals 600 700 Current liabilities 1,600 3,100 Long-term debt 10,700 10,000 Common stock 6,000 8,000 Capital surplus 18,900 24,100 Retained earnings 10,200 10,900 Total liabilities and equity 47,400 56,100 In its 2011 income statement, Thompson Inc. reported net income of $1,010 and depreciation expense of $300. On its 2012 income statement, the company reported net income of $2,010 and depreciation expense of $490. 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 Thompson in 2012.
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