Question: Jackson Company had a net increase in cash from operating activities of $10,000 and a net decrease in cash from financing activities of $2,000. If

Jackson Company had a net increase in cash from operating activities of $10,000 and a net decrease in cash from financing activities of $2,000. If the beginning and ending cash balances for the company were $4,000 and $11,000. Based on this information, what was the amount of expenses reported on Calloway's income statement for the current year?

a) $18,500

b) $13,000

c) $16,500

d) $10,000

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