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2. The financial statements of Elcamino Company appear below: ELCAMINO COMPANY Comparative Balance Sheet December 31 . Additional information: a. Cash dividends of $50,000 were

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2. The financial statements of Elcamino Company appear below: ELCAMINO COMPANY Comparative Balance Sheet December 31 . Additional information: a. Cash dividends of $50,000 were declared and paid on common stock in 2022. b. Weighted-average number of shares of common stock outstanding during 2022 was 50,000 shares. c. Market price of common stock on December 31, 2022, was $16 per share. d. Net cash provided by operating activities for 2022 was $70,000. 2P=g=e 2. The financial statements of Elcamino Company appear below: ELCAMINO COMPANY Comparative Balance Sheet December 31 . Additional information: a. Cash dividends of $50,000 were declared and paid on common stock in 2022. b. Weighted-average number of shares of common stock outstanding during 2022 was 50,000 shares. c. Market price of common stock on December 31, 2022, was $16 per share. d. Net cash provided by operating activities for 2022 was $70,000. 2P=g=e

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