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A comparative balance sheet for Cullumber Corporation is presented below. Assets Cash Accounts receivable Inventory Land Equipment Accumulated depreciation-equipment Total Liabilities and Stockholders' Equity Accounts
A comparative balance sheet for Cullumber Corporation is presented below. Assets Cash Accounts receivable Inventory Land Equipment Accumulated depreciation-equipment Total Liabilities and Stockholders' Equity Accounts payable Bonds payable Common stock ($1 par) Retained earnings Total December 31 2020 2019 $57,120 $18,480 68,880 55,440 142,800 158,760 59,640 92,400 235,200 168,000 (62,160) (35,280) $501,480 $457,800 $28,560 126,000 137,760 209,160 $501,480 $39,480 168,000 137,760 112,560 $457,800 Additional information: 1. 2. Net income for 2020 was $130,200; there were no gains or losses. Cash dividends of $33,600 were declared and paid. Bonds payable of $42,000 were retired. 3. 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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