Find net cash flow from financing activities

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Reference no: EM131819315

Momber's Flooring Company

2011 2012

Cash 500 800

Accounts receivable 1,400 1,200

Inventory 3,900 4,400

Net fixed assets 8,200 8,200

Land 1,000 2,000

Total Assets 15,000 16,600

Notes payable 1,000 600

Accounts payable 3,000 2,000

Accruals 500 900

Long-term debt 3,600 5,400

Common Stock 2,500 2,200

Retained earnings 4,400 5,500

Total Liabilities and Equity 15,000 16,600

Given the Balance Sheets for Momber's Flooring Company above for the years ending December 31, 2011 and 2012, find Net Cash Flow from Financing Activities for 2012 assuming the following income statement data: Net income (2012) = $2,584 and Depreciation (2012) = $1,865.

Reference no: EM131819315

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