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The Records of BCD Provided the Following Information for the Year

question 113

Essay

The records of BCD provided the following information for the year ended December 31, 2011:
(1)  Balance sheet: 20112010 Cash $18,000$20,000 Accounts receivable (net) 26,00022,000 Inventory 30,00027,000 Capital assets (net) 75,00076,000 Payable (short term) 41,00040,000 Bonds payable 50,00060,000 Common stock 30,00030,000 Retained earnings 18,000?\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 \\\text { Bonds payable }&50,000&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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