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129. The changes in each balance sheet account for Carver Corporation during the year just completed are as follows: Increase Decrease Cash and cash equivalents

129. The changes in each balance sheet account for Carver Corporation during the year just completed are as follows:

Increase Decrease
Cash and cash equivalents $ 3,090
Accounts receivable $ 5,400
Inventory $ 6,420
Prepaid expenses $ 3,240
Long-term investments $ 18,020
Property, plant, and equipment $ 11,880
Accumulated depreciation $ 9,900
Accounts payable $ 8,640
Accrued liabilities $ 5,250
Bonds Payable $ 12,240
Common Stock $ 3,090
Retained Earnings $ 1,810

Carver Corporation's income statement for the year just ended shows the following:

Income Statement
Sales $ 374,170
Cost of goods sold 203,300
Gross margin 170,870
Selling and administrative expense 169,060
Net income $ 1,810

The company did not dispose of any property, plant, and equipment, buy any long-term investments, issue any bonds payable, or repurchase any of its own common stock during the year. Carver Corporation uses the direct method to construct its statement of cash flows.

Required:

a. Determine the sales adjusted to the cash basis.

b. Determine the cost of goods sold adjusted to the cash basis.

c. Determine the selling and administrative expenses adjusted to a cash basis.

d. Determine the net cash provided by (used in) operating activities. (Negative amounts should be indicated by a minus sign.)

e. Determine the net cash provided by (used in) investing activities. (Negative amounts should be indicated by a minus sign.)

f. Determine the net cash provided by (used in) financing activities. (Negative amounts should be indicated by a minus sign.)

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