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.