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29. Illies Corporation's comparative balance sheet appears below: Illies Corporation Ending Balance Beginning Balance $ 76,000 33.900 72,200 182,100 491,500 193,500 298,000 $480,100 $ 47,000
29. Illies Corporation's comparative balance sheet appears below: Illies Corporation Ending Balance Beginning Balance $ 76,000 33.900 72,200 182,100 491,500 193,500 298,000 $480,100 $ 47,000 37,000 67,000 151,000 470,000 167,000 303,000 $454,000 Assets: Current assets: Cash and cash equivalents Accounts recelvable Inventory Total current assets Property, plant, and equipment Less accumulated depreciation Net property, plant, equipment Total assets Llabilities and Stockholders' Equity Current liabilities: Accounts payable Accrued liabilities Income taxes payable Total current liabilities Bonds payable Total liabilities Stockholders' equity: Common stock Retained earnings Total stockholders' equity Total liabilities and stockholders' equity $ 24,200 61,800 59,200 145,200 91,700 236,900 $ 27,000 67,000 57,000 151,000 87,000 238,000 42,000 201,200 243,200 $480,100 47.000 169,000 216,000 $454,000 The company did not dispose of any property, plant, and equipment during the year. Its net income for the year was $34,500 and its cash dividends were $2,300. The company did not issue any bonds payable or purchase any of its own common stock during the year. Its net cash provided by operating activities and net cash used in financing activities are: net cash provided by operating activities, $53,100; net cash used in financing activities, $2,600 net cash provided by operating activities, $29,600; net cash used in financing activities, $2,600 net cash provided by operating activities, $53,100; net cash used in financing activities $7,000 net cash provided by operating activities, $29,600; net cash used in financing activities,$7,000
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