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Autry Corporation's balance sheet and income statement appear below: Comparative Balance Sheet Ending Balance Beginning Balance Assets: Current assets: Cash and cash equivalents $ 4
Autry Corporation's balance sheet and income statement appear below:
Comparative Balance Sheet
Ending Balance Beginning Balance
Assets:
Current assets:
Cash and cash equivalents $ $
Accounts receivable
Inventory
Total current assets
Property, plant, and equipment
Less accumulated depreciation
Net property, plant, and equipment
Total assets $ $
Liabilities and stockholders' equity:
Current liabilities:
Accounts payable $ $
Accrued liabilities
Income taxes payable
Total current liabilities
Bonds payable
Total liabilities
Stockholders equity:
Common stock
Retained earnings
Total stockholders equity
Total liabilities and stockholders' equity $ $
Income Statement
Sales $
Cost of goods sold
Gross margin
Selling and administrative expense
Net operating income
Gain on sale of plant and equipment
Income before taxes
Income taxes
Net income $
Cash dividends were $ The company sold equipment for $ that was originally purchased for $ and that had accumulated depreciation of $ The net cash provided by used in investing activities for the year was:
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