Alpha’s Company’s Fiscal Year 2017 Statement of Cash Flows reflected information that cash provided by operating activities was $800,000.
11. Alpha’s Company’s Fiscal Year 2017 Statement of Cash Flows reflected information that cash provided by
operating activities was $800,000. The Fiscal Year 12/31/17 Balance Sheet showed the value of Retained Earnings to be $625,000. The following additional information was provided:
| Depreciation Expense | $380,000 |
| Common Stock Dividends | 200,000 |
| Accounts Receivable increase | 110,000 |
| Accounts Payable decrease | 60,000 |
Use this information and determine Alpha Company’s: show your work
a. the Net Income (Net Loss) the 2017 Fiscal Year.
b. the beginning balance for Retained Earnings
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