accounting question 7

Accounting
Tutor: None Selected Time limit: 1 Day

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

http://imgur.com/xhoLYLM

any help would be appreciated

Feb 1st, 2015

                                                             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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