The Records of BCD Provided the Following Information for the Year

question 87

Essay

The records of BCD provided the following information for the year ended December 31,2011:
(1) $\begin{array}{|l|r|r|}\hline\text { Balance sheet: } & \mathbf{2 0 1 1} & \mathbf{2 0 1 0} \\\hline \text { Cash } & \$ 18,000 & \$ 20,000 \\\hline \text { Accounts receivable (net) } & 26,000 & 22,000 \\\hline \text { Inventory } & 30,000 & 27,000 \\\hline \text { Capital assets (net) } & 75,000 & 76,000 \\\hline \text { Payable (short term) } & 41,000 & 40,000 \\\hline \text { Bonds payable } & 60,000 & 60,000 \\\hline\text { Common stock }&30,000&30,000\\\hline\text { Retained earnings }&18,000&?\\\hline\end{array}$ (2) Cash dividends of $5,000 were declared in 2010 and paid in 2011,and cash dividends of $2,000 were declared and paid in 2011.
(3) Net loss in 2011,$1,000.
(4) Depreciation expense for 2011,$5,000.
Calculate the amount of net cash from operating activities during 2011.

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