accounting question 7

label Accounting
account_circle Unassigned
schedule 1 Day
account_balance_wallet $5

i am stuck on the following problem. here is a pic of the problem

any help would be appreciated

Oct 20th, 2017

                                                             Norris Company

7-                                                          Income Statement

                                                           December 31, 2011

    Services on account                                                                                          $2,400

    less operating expenses                                                                                      1,600

    Net income for 2011                                                                                            $  800

8-                   Cash flow statement from operating activities

      Cash collected from accounts receivable                                       $1,800

       Less cash paid for operating expenses                                            1,600

     Cash flow from operating activities                                                   $   200

Feb 1st, 2015

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