Net cash provided by financing activities for 2010 totaled

a. $140,000

b. $300,000

c. $500,000

d. $700,000 Items relate to data to be reported in the statement of cash flows of Debbie Dress Shops, Inc. based on the following information:

Debbie Dress Shops, Inc.

BALANCE SHEETS December 31 2010 2009 Assets Current assets:

Cash $ 300,000 $ 200,000 Accounts receivable—net 840,000 580,000 Merchandise inventory 660,000 420,000 Prepaid expenses 100,000 50,000 Total current assets 1,900,000 1,250,000 Long-term investments 80,000 --

Land, buildings, and fixtures 1,130,000 600,000 Less accumulated depreciation 110,000 50,000 1,020,000 550,000 Total assets $3,000,000 $1,800,000 Equities Current liabilities:

Accounts payable $ 530,000 $ 440,000 Accrued expenses 140,000 130,000 Dividends payable 70,000 --

Total current liabilities 740,000 570,000 Note payable—due 2012 500,000 --

Stockholders’ equity:

Common stock 1,200,000 900,000 Retained earnings 560,000 330,000 1,760,000 1,230,000 Total liabilities and stockholders’

equity $3,000,000 $1,800,000 Debbie Dress Shops, Inc.

INCOME STATEMENTS Year ended December 31 2010 2009 Net credit sales $6,400,000 $4,000,000 Cost of goods sold 5,000,000 3,200,000 Gross profit 1,400,000 800,000 Expenses (including income taxes) 1,000,000 520,000 Net income $ 400,000 $ 280,000 Additional information available included the following:

• All accounts receivable and accounts payable are related to trade merchandise. Accounts payable are recorded net and always are paid to take all of the discount allowed. The allowance for doubtful accounts at the end of 2010 was the same as at the end of 2009; no receivables were charged against the allowance during 2010.

• The proceeds from the note payable were used to finance a new store building. Capital stock was sold to provide additional working capital.