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begin{tabular}{|c|c|c|} hline & This Year & Last Year hline multicolumn{3}{|l|}{ Assets } hline multicolumn{3}{|l|}{begin{tabular}{l} Assets Current assets: end{tabular}} hline Cash and

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\begin{tabular}{|c|c|c|} \hline & This Year & Last Year \\ \hline \multicolumn{3}{|l|}{ Assets } \\ \hline \multicolumn{3}{|l|}{\begin{tabular}{l} Assets \\ Current assets: \end{tabular}} \\ \hline Cash and cash equivalents & $81,000 & $58,000 \\ \hline Accounts receivable & 610,000 & 635,000 \\ \hline Inventory & 62,000 & 430,000 \\ \hline Prepaid expenses & 18,000 & 10,000 \\ \hline Total current assets & 1,329,000 & 1,133,000 \\ \hline Property, plant, and equipment & 2,420,000 & 1,840,000 \\ \hline Less accumulated depreciation & 627,000 & 569,000 \\ \hline Net property, plant, and equipment & 1,793,000 & 1,271,000 \\ \hline Long-term investments & 101,000 & 160,000 \\ \hline Loans to subsidiaries & 130,000 & 75,000 \\ \hline Total assets & $3,353,000 & $2,639,000 \\ \hline \multirow{2}{*}{\multicolumn{3}{|c|}{\begin{tabular}{l} Total assets \\ Liabilities and Stockholders' Equity \\ Current liabilities \end{tabular}}} \\ \hline & \multicolumn{2}{|c|}{\begin{tabular}{l} Liabilities and \\ Current liabilities \\ Accounts payable \end{tabular}} \\ \hline Accounts payable & $886,000 & $580,000 \\ \hline Accrued liabilities & 31,000 & 51,000 \\ \hline Income taxes payable & 146,000 & 126,000 \\ \hline Total current liabilities & 1,063,000 & 757,000 \\ \hline Bonds payable & 670,000 & 430,000 \\ \hline Total liabilities & 1,733,000 & 1,187,000 \\ \hline \multicolumn{3}{|l|}{\begin{tabular}{l} Total liabilities \\ Stockholders' equity: \end{tabular}} \\ \hline Common stock & 1,110,000 & 1,010,000 \\ \hline Dotsinat asmoinn & 51A AQ & A1 aa \\ \hline \end{tabular} The following additional information is available about the company's activities during this year: a. The company declared and paid a cash dividend this year. b. Bonds with a principal balance of $390,000 were repaid during this yeat: c. Equipment was sold during this year for $75,000. The equipment had cost $150,000 and had, $52,000 in accumulated depreciation on the date of sale. d. Long-term investments were sold during the year for $130,000. These investments had cost $59,000 when purchased several years ago. e. The subsidiaries did not repay any outstanding loans during the year. f. Lomax did not repurchase any of its own stock during the year. \begin{tabular}{|l|l|} \hline Operating activities: & \\ \hline & \\ \hline & \\ \hline & \\ \hline & \\ \hline & \\ \hline & \\ \hline & \\ \hline & \\ \hline & \\ \hline & \\ \hline \end{tabular} \begin{tabular}{|l|l|l|} \hline Investing activities: & & \\ \hline & & \\ \hline & & \\ \hline & & \\ \hline & & \\ \hline & & \\ \hline & & \\ \hline & & \\ \hline & & \\ \hline & & \\ \hline & & \\ \hline Binancing activities: & & \\ \hline Ending cash and cash equivalents & & \\ \hline \end{tabular}

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