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A comparative balance sheet for Crane Corporation is presented below. December 31 Assets 2020 2019 Cash $70720 $22880 Accounts receivable 85280 68640 Inventory 176800 196560
A comparative balance sheet for Crane Corporation is presented below.
December 31 | ||||
Assets | 2020 | 2019 | ||
Cash | $70720 | $22880 | ||
Accounts receivable | 85280 | 68640 | ||
Inventory | 176800 | 196560 | ||
Land | 73840 | 114400 | ||
Equipment | 291200 | 208000 | ||
Accumulated depreciationequipment | (76960) | (43680) | ||
Total | $620880 | $566800 | ||
Liabilities and Stockholders Equity | ||||
Accounts payable | $35360 | $48880 | ||
Bonds payable | 156000 | 208000 | ||
Common stock ($1 par) | 170560 | 170560 | ||
Retained earnings | 258960 | 139360 | ||
Total | $620880 | $566800 |
Additional information:
1. | Net income for 2020 was $161200; there were no gains or losses. | ||
2. | Cash dividends of $41600 were declared and paid. | ||
3. | Bonds payable of $52000 were retired. |
Compute each of the following: (Show amounts that decrease cash flow with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000).)
1. | Net cash provided by operating activities | $ | ||
2. | Net cash provided (used) by investing activities | $ | ||
3. | Net cash provided (used) by financing activities | $ |
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