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A comparative balance sheet for Sheridan Corporation is presented below. December 31 Assets 2020 $77,520 Cash Accounts receivable Inventory Land Equipment Accumulated depreciation-equipment Total 93,480
A comparative balance sheet for Sheridan Corporation is presented below. December 31 Assets 2020 $77,520 Cash Accounts receivable Inventory Land Equipment Accumulated depreciation-equipment Total 93,480 193,800 80,940 319,200 (84,360) $680,580 2019 $25,080 75,240 215,460 125,400 228,000 (47,880) $621,300 Liabilities and Stockholders' Equity Accounts payable Bonds payable Common stock ($1 par) Retained earnings Total $38,760 171,000 186,960 283,860 $680,580 $53,580 228,000 186,960 152,760 $621,300 Additional information: 1. 2. Net income for 2020 was $176,700; there were no gains or losses. Cash dividends of $45,600 were declared and paid. Bonds payable of $57,000 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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