Bonus Question (2) The balance sheet for December 31, 2012, December 31, 2011, and the income statement for the year end

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Bonus Question 2 The Balance Sheet For December 31 2012 December 31 2011 And The Income Statement For The Year End 1 (27.54 KiB) Viewed 48 times

Bonus Question (2) The balance sheet for December 31, 2012, December 31, 2011, and the income statement for the year ended December 31, 2012, for Rocket Company follow Rocket Company Balance Sheet December 31, 2012 and 2011 2012 2011 Assets Accounts receivable, net 60,000 70,000 Inventory 80,000 100,000 Building and equipment 130,000 115,000 Accumulated depreciation 185.000) _170.000 Liabilities and Stockholders' Equity Accounts payable Bond payable Comenon stock Retained earnings $ 30,000 50,000 110,000** 61.000 $ 35,000 60,000 100.000 84.000 Additional information Net income for 2012 is $45,000 During 2012 cash payments for building and equipment S15,000. ... During 2012 cash received from issuance of stock Note: Cash dividends of $68,000 were paid during 2012. Net cush provided (used) by operating activities will be: UA85.000 3.56,000 C.70.000 DD. 80.000