[elmira1]

Would you please help me with this question.I have a hard time with that .
ABV corporation had the following account information at the end of the last two years

12/31/2009 12/31/2010

Account payable 75,000 70,000
Account receivable 100,000 120,000
Cash 30,000 ?
Common stock 20,000 20,000
Dividend 10,000 10,000
Expenses 920,000 884,000
Net cash from financing activity (10,000) (10,000)
Net cash from investing activity (7,500) (5,000)
Net cash from operating activity 22,500 ?
Notes payable 45,000 40,000
Property and equipment 195,000 204,000
Retain earning 192,000 ?
Revenue 1000,000 950,000
Supplies 7,500 9,500

A. What is the December 31,2010 net income?
B. What is the December 31,2010 Retained Earning?
C. What is the December 31,2010 cash ?
D. What is the December 31,2010 net cash from operating activity?


Please help me with that
Thanks

[RavenWolf1]

Account receiveable is the income. Property and Equipment is income as well. Any asset (property, insuance, equipment, vehicles, etc... taht is considered income)

Retained earnings is everything you made after your expenses (minus supply, payroll, vehicle payments or property rent)

All NET CASH and if any of the retained earnings came in cash...

This is stated in this note is $22,500

[elmira1]

Yes but what happened for the ending net cash from operating activity ?