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can you show me step by step how to get the answers below please Analysts following the Cullumber Golf Company were given the followi Liabilities
can you show me step by step how to get the answers below please
Analysts following the Cullumber Golf Company were given the followi Liabilities and Equity Preferred stock \begin{tabular}{lrr} Common stock (10,000 shares) & 10,000 & 10,000 \\ Additional paid-in capital & 975,605 & 975,605 \\ Retained earnings & 587,686 & 398,180 \\ Less: Treasury stock & $1,559,817(13,474) & \\ \multicolumn{1}{|l}{ Total common equity } & & \\ Total liabilities and equity & $2,654,416 & \\ & & $2,534,611 \\ \hline \end{tabular} Cullumber Golf Company Statement of Cash Flows Year ended June 30, 2020 Cash Flows from Operating Activities Net Income Additions (sources of cash) Depreciation 212,436 Decrease in Accounts Receivable 58,633 Increase in Accounts Payable 46,302 Increase in Accrued Income Taxes Subtractions (uses of cash) 4,308 Increase in Other Current Assets 11,409 Increase in Inventories 71,149 Net Cash provided by Operating Activities Cash Flows from Investing Activities Increase in Notes Pavable $6,695 Decrease in Long-term Debt 113,604 Net Cash used in Investing Activities 291,471 Cash Flows from Financing Activities Increase in Notes Payable $ 6,695 Decrease in Long-term Debt 113,604 Payment of Cash Dividends 2,966,482 Purchase of Treasury Stock 13,474 Net Cash used in Financing Activities Effect of Exchange Rates on Cash lestion 5 of 6 Payment of Cash Dividends 2,966,482 Purchase of Treasury Stock Net Cash used in Financing Activities Effect of Exchange Rates on Cash $ NetIncreaseinCashandMarketableSecurities 16.845 Cash and Marketable Securities at Beginning of Year 16,706 Cash and Marketable Securities at End of Year Step by Step Solution
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