Jenna and Matt Wilder are completing their second year operating Mountain High, a downhill ski area and resort.

• Mountain High reports a net loss of $(10,000) for its second year, which includes an $85,000 loss from fire.
• This past year also involved major purchases of property, plant and equipment for renovation and expansion, yielding a year-end total asset amount of $800,000.
• Mountain High's net cash outflow for its second year is $(5,000); a summarized version of its statement of cash flows follows: