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%24 %24 Assets 2020 2019 Cash $63,920 $20,680 Accounts receivable 77,080 62,040 Inventory 159,800 177,660 Land 66,740 103,400 Equipment 263,200 188,000 Accumulated depreciation-equipment (69,560) (39,480)

%24 %24 Assets 2020 2019 Cash $63,920 $20,680 Accounts receivable 77,080 62,040 Inventory 159,800 177,660 Land 66,740 103,400 Equipment 263,200 188,000 Accumulated depreciation-equipment (69,560) (39,480) Total $561,180 $512,300 Liabilities and Stockholders' Equity Accounts payable Bonds payable Common stock ($1 par) $31,960 $44,180 141,000 188,000 154,160 154,160 Retained earnings 234,060 125,960 Total $561,180 $512,300 Additional information: 1. Net income for 2020 was $145,700; there were no gains or losses. 2. Cash dividends of $37,600 were declared and paid. 3. Bonds payable of $47,000 were retired. Compute each of the following: (Show amounts that decrease cash flow with either 1. Net cash provided by operating activities 2. Net cash provided (used) by investing activities 3. Net cash provided (used) by financing activities Wiley & Sons,

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