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48. The balance sheet for Blineberry Corporation follows: Ending balance Beginning balance Assets: Current assets: Cash and cash equivalents $20,700 $12,200 Accounts receivable $10,100 $8,400

48. The balance sheet for Blineberry Corporation follows:

Ending balance

Beginning balance

Assets:

Current assets:

Cash and cash equivalents

$20,700

$12,200

Accounts receivable

$10,100

$8,400

Inventory

$39,700

$38,600

Total current assets

$70,500

$59,200

Property, plant, and equipment

$144,050

$135,500

Less accumulated depreciation

$102,700

$95,200

Net property, plant, and equipment

$41,350

$40,300

Total assets

$111,850

$99,500

Liabilities and stockholders' equity:

Current liabilities:

Accounts payable

$14,600

$9,500

Accrued salaries payable

$15,800

$12,100

Other accounts payable

$1,200

$6,300

Notes payable

$1,500

$7,500

Total current liabilities

$33,100

$35,400

Longterm

Debt

$35,300

$31,400

Deferred income taxes

$5,700

$3,200

Total

longterm

liabilities

$41,000

$34,600

Stockholders' equity:

Common stock

$25,150

$17,800

Retained earnings

$12,600

$11,700

Total stockholders' equity

$37,750

$29,500

Total liabilities and stockholders' equity

$111,850

$99,500

Operating income during the period was

$ 24 comma 000$24,000,

while cash dividends paid were

$ 23 comma 100$23,100.

The total sources of cash at Blineberry Corporation during the year was

A.

$$8,500.

B.

$ $6,050.

C.

$ $54,050.

D. $46,550.

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