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Condensed financial data of Monopoly Corporation appear below: A cash dividend was declared and paid in full to stockholders during the year. Required: Solve for

Condensed financial data of Monopoly Corporation appear below:

A cash dividend was declared and paid in full to stockholders during the year.
Required:

Solve for the missing numbers. (Enter any deductions and cash outflows as a negative value.)

MONOPOLY CORPORATION

Comparative Balance Sheet

December 31

Current Year

Prior Year

Assets

Cash

$ 66,410

$ 40,600

Accounts receivable

?

32,900

Inventories

?

70,900

Prepaid rent

3,490

2,900

Property, plant, and equipment

237,500

209,000

Accumulated depreciation

(60,400)

(44,500)

Total assets

$ 380,200

$ 311,800

Liabilities and Stockholders' Equity

Accounts payable

$ 39,800

$ 34,900

Accrued Liabilities

10,000

12,900

Notes payable (longterm)

134,500

159,000

Contributed capital

59,000

29,500

Retained earnings

136,900

75,500

Total liabilities and stockholders' equity

$ 380,200

$ 311,800

MONOPOLY CORPORATION

Income Statement

Year Ended December 31

Sales

$ 513,500

Expenses

Cost of goods sold

$ 299,000

Selling, general and administrative expenses

98,500

Depreciation expense

?

Interest expense

9,900

Income taxes

?

441,200

Net income

$ 72,300

MONOPOLY CORPORATION

Cash Flow Statement

Year End December 31

Cash flows from operating activities

Net income

$ 72,300

Adjustments to reconcile net income to net cash provided by operating activities:

Depreciation

15,900

Change in current assets and current liabilities

Accounts Receivable

(4,900)

Inventories

$ (24,500)

Prepaid Rent

?

Accounts Payable

$ 4,900

Accrued Liabilities

?

Net cash provided by (used in) operating activities

?

Cash flows from investing activities

Purchase of property, plant, and equipment

(28,500)

Net cash provided by (used for) investing activities

(28,500)

Financing activities

Additional capital contributed by stockholders

?

Payments on longterm debt

(24,500)

Payment of cash dividends

?

Net cash provided by (used for) financing activities

?

Increase in cash and cash equivalents

25,810

Cash and cash equivalents, beginning of period

40,600

Cash and cash equivalents, end of period

$ 66,410

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