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A comparative balance sheet for Talkington Corporation is presented below. December 31 Assets 2017 2016 Cash $68,000 $22,000 Accounts receivable 82,000 66,000 Inventory 170,000 189,000

A comparative balance sheet for Talkington Corporation is presented below.

December 31
Assets 2017 2016
Cash $68,000 $22,000
Accounts receivable 82,000 66,000
Inventory 170,000 189,000
Land 71,000 110,000
Equipment 280,000 200,000
Accumulated depreciationequipment (74,000) (42,000)
Total $597,000 $545,000
Liabilities and Stockholders Equity
Accounts payable $34,000 $47,000
Bonds payable 150,000 200,000
Common stock ($1 par) 164,000 164,000
Retained earnings 249,000 134,000
Total $597,000 $545,000

Additional information:

1. Net income for 2017 was $155,000; there were no gains or losses.
2. Cash dividends of $40,000 were declared and paid.
3. Bonds payable of $50,000 were retired.

Compute each of the following:

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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