Question
2020 2019 Cash $29,800 $35,100 Accounts receivable (net) 54,900 44,700 Inventory 65,400 44,900 Prepaid expenses 14,800 25,200 Equipment 90,100 75,600 Accumulated depreciationequipment (18,020 ) (7,900
2020 | 2019 | |||||
Cash | $29,800 | $35,100 | ||||
Accounts receivable (net) | 54,900 | 44,700 | ||||
Inventory | 65,400 | 44,900 | ||||
Prepaid expenses | 14,800 | 25,200 | ||||
Equipment | 90,100 | 75,600 | ||||
Accumulated depreciationequipment | (18,020 | ) | (7,900 | ) | ||
Land | 69,700 | 40,300 | ||||
$306,680 | $257,900 | |||||
Accounts payable | $64,500 | $52,400 | ||||
Accrued expenses | 15,200 | 18,100 | ||||
Notes payablebank, long-term | 0 | 23,000 | ||||
Bonds payable | 29,800 | 0 | ||||
Common stock, $10 par | 188,500 | 159,100 | ||||
Retained earnings | 8,680 | 5,300 | ||||
$306,680 | $257,900 |
Land was acquired for $29,400 in exchange for common stock, par $29,400, during the year; all equipment purchased was for cash. Equipment costing $13,000 was sold for $3,000; book value of the equipment was $5,900. Cash dividends of $9,900 were declared and paid during the year. Compute net cash provided (used) by: (Show amounts that decrease cash flow with either a - sign e.g. -12,000 or in parenthesis e.g. (12,000).)
(a) | Net Cash providedused by operating activities. | $ | ||
(b) | Net Cash providedused by investing activities. | $ | ||
(c) | Net Cash providedused by financing activities. | $ |
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