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43. (Extra Points) Mushroom Technology reported a net income of $100,000 for 2025 . Its income statement included a depreciation expense of $9.000 and a
43. (Extra Points) Mushroom Technology reported a net income of $100,000 for 2025 . Its income statement included a depreciation expense of $9.000 and a patent amortization expense of $1,000. Its comparative balance sheets show the following balances. The company purchased $50,000 of equipment in 2025. In addition, the company issued 20,000 shares of common stocks at $10. The company declared and paid $60,000 of cash dividends in 2025 . The beginning balance of cash on 1/1/2025 is $85.000. Compute the ending balance of cash on 12/31/2025 Hints: Net increase (decrease) in cash = Net cash provided (used) by operating activities + Net cash provided (used) by investing activities + Net cash provided (used) by financing activities. The ending balance of cash = The beginning balance of cash + Net increase (decrease) in cash (a) $180.000 (b) $240,000 (c) $290,000 (d) $310,000
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