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Accounts receivable Inventory Land Equipment Accumulated depreciation- equipment Accounts payable Bonds payable Retained earnings +16,000 (19,000) (39,000) +80,000 (32,000) (13,000) (50,000) +115,000 Additional information: 1.
Accounts receivable Inventory Land Equipment Accumulated depreciation- equipment Accounts payable Bonds payable Retained earnings +16,000 (19,000) (39,000) +80,000 (32,000) (13,000) (50,000) +115,000 Additional information: 1. Net income for 2020 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. 4. Cash increased by 46,000 during the year. Compute each of the following (SHOW all your work): (a) Net cash provided (used) by operating activities (b) Net cash provided (used) by investing activities (c) Net cash provided (used) by financing activities (d) Net cash provided or used overall
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