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 Flows from Operating Activities for 2012 assuming the following income statement data:
Net income (2012)= $3,382 and Depreciation (2012) = $810
Round your answer as a whole number and record without a dollar sign and without commas. For example, record $3,204.854 as 3205. To show a negative cash flow (i. e., a net cash outflow), place a negative sign before your answer with no space between the negative sign and the number. Thus, record negative 5,432 as -5432.

Net Cash Flows from Operating Activities for 2012 will be $2,082

Explanation:

Prepare the Cash flow from Operating Activities Section to determine the Net Cash Flows from Operating Activities.

Cash flow from Operating Activities :

Net income                                                                       3,382

Adjustment for Non-Cash items :

Depreciation 810

Adjustment for Changes in Working Capital items :

Decrease in Accounts Receivables                                 200

Increase in Inventory                                                       -500

Decrease in  Notes payable                                            -400

Decrease in Accounts payable                                     -1,000

Increase in Accruals                                                          400

Net Cash Flows from Operating Activities                    2,082

Conclusion :

Net Cash Flows from Operating Activities for 2012 will be $2,082

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