The following information is available for Toker Company:
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Dec 31, 2014
|
Dec 31, 2013
|
|
Cash
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$140,000
|
$ 97,000
|
|
Retained earnings
|
665,000
|
542,000
|
|
Cash from operating activities
|
?
|
|
|
Cash from investing activities
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(481,000)
|
|
|
Cash from financing activities
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(285,000)
|
|
|
Dividends declared and paid
|
47,000
|
|
|
Net income
|
?
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|
1-1. What is net income?
1-2. What is cash from operating activities?
1-3. What is the most stage of the business life cycle is this company in, and why?