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Autry Corporation's balance sheet and income statement appear below: Comparative Balance Sheet Ending Beginning Balance Balance $ 48 $ 49 189 58 187 545 288
Autry Corporation's balance sheet and income statement appear below: Comparative Balance Sheet Ending Beginning Balance Balance $ 48 $ 49 189 58 187 545 288 672 255 417 $606 257 $444 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 $ 55 $ 59 31 147 91 238 154 85 239 66 302140 368 205 $606 $444 $ 890 521 369 125 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 $29. The company sold equipment for $55 that was originally purchased for $29 and that had accumulated depreciation of $3. The net cash provided by (used in) investing activities for the year was: Autry Corporation's balance sheet and income statement appear below: Comparative Balance Sheet Ending Beginning Balance Balance $ 48 $ 49 189 58 187 545 288 672 255 417 $606 257 $444 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 $ 55 $ 59 31 147 91 238 154 85 239 66 302140 368 205 $606 $444 $ 890 521 369 125 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 $29. The company sold equipment for $55 that was originally purchased for $29 and that had accumulated depreciation of $3. The net cash provided by (used in) investing activities for the year was
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