. Ledger Properties has the following financial information:
| Current Year | Prior Year | |
Revenues | | $ | 48,915 | | | $ | 43,610 | |
Administrative expenses | | | 12,106 | | | | 11,602 | |
Interest expense | | | 816 | | | | 468 | |
Cost of goods sold | | | 29,715 | | | | 26,309 | |
Depreciation | | | 1,408 | | | | 1,387 | |
Net fixed assets | | | 32,711 | | | | 31,984 | |
Current liabilities | | | 14,652 | | | | 14,625 | |
Common stock | | | 15,000 | | | | 14,000 | |
Current assets | | | 16,506 | | | | 14,687 | |
Long-term debt | | | 12,200 | | | | ? | |
Retained earnings | | | 7,365 | | | | 4,246 | |
Dividends paid | | | 290 | | | | 275 | |
| | | | | | | | | | |
What is the cash flow of the firm for the current year if thetax rate is 22 percent?
A) $1,885
B) $1,042
C) $2,297
D) $2,096
E) $2,517
