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Bonita Industries's balance sheet accounts as of December 31, 2018 and 2017 and information relating to 2018 activities are presented below. December 31, 2018 2017

Bonita Industries's balance sheet accounts as of December 31, 2018 and 2017 and information relating to 2018 activities are presented below.

December 31,
2018 2017
Assets
Cash $ 439000 $ 199000
Short-term investments 602000
Accounts receivable (net) 1020000 1020000
Inventory 1390000 1210000
Long-term investments 402000 602000
Plant assets 3420000 1980000
Accumulated depreciation (902000) (902000)
Patent 178000 202000
Total assets

$6549000

$4311000

Liabilities and Stockholders' Equity
Accounts payable and accrued liabilities $1640000 $1440000
Notes payable (nontrade) 579000
Common stock, $10 par 1580000 1410000
Additional paid-in capital 799000 499000
Retained earnings 1951000 962000
Total liabilities and stockholders' equity

$6549000

$4311000

Information relating to 2018 activities: Net income for 2018 was $1510000. Cash dividends of $598000 were declared and paid in 2018. Equipment costing $1010000 and having a carrying amount of $321000 was sold in 2018 for $361000. A long-term investment was sold in 2018 for $321000. There were no other transactions affecting long-term investments in 2018. 17000 shares of common stock were issued in 2018 for $25 a share. Short-term investments consist of treasury bills maturing on 6/30/19. Net cash provided by Bonitas 2018 financing activities was

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