Articulation
Use the following information to answer the questions listed below:
|
Dividends declared and paid |
$ 8,000 |
|
Cash from investing activities |
(25,000) |
|
Cash from financing activities |
(8,000) |
|
|
End of Year |
Beginning of Year |
|
Cash |
$ 21,000 |
$ 12,000 |
|
Other assets |
210,000 |
227,000 |
|
Liabilities |
105,000 |
117,000 |
|
Common stock |
21,000 |
21,000 |
|
Retained earnings |
105,000 |
? |
Compute the (a) cash from operating activities and (b) net income.