Information from Balance Sheets (As of Year End for Years 0 and 1)

Income Statement (Year 1)

	Year 0	Year 1
Cash	3,000	2,000
Accounts Receivables	2,000	5,000
Inventory	3,000	4,000
Property, Plant and Equipment (net)	12,000	11,000
Accounts Payable	5,000	4,000
Unearned Revenue	2,000	1,000
Bonds Payable	5,000	6,000
Common Stock	3,000	4,000
Retained Earnings	5,000	7,000

A student prepared the operating section of the statement of cash flow using the indirect method, which ones (could be one or multiple) of the following line items are incorrectly listed?

Net Income 3,000

Change in accounts receivable -3,000

Change in inventory 1,000

Change in Accounts Payable -1,000

Change in Unearned Revenue -1,000

Change in Bonds Payable 1,000

How much is the total current liability as of the end of Year 1 based on the above information?

11,000

22,000

7,000

5,000

Sales 20,000

Costs of Goods Sold (8,000)

Wage Expense (5,000)

Depreciation Expense (2,000)

Net Income Before Tax 5,000

Tax Expense (2,000)

Net Income 3,000