D Question 23 Consider the following Balance Sheet and Income Statement for Bees Inc. Balance Sheet 2019 2018 Change Assets Cash 117,990 Net Accounts Rec. 14,000 20,000 17,000 32,000 Inventory 40,000 Equipment 300,000 97,990 -3,000 8,000 50,000 -15,000 25,000 -5,000 350,000 - 135,000 70,000 -15,000 441,900 Accum. Depr. Natural Resources Accum. Depl. -120,000 45,000 -10,000 284,000 Total Assets Liabilities & Equity Accounts Payable 26,000 24,200 1,800 Mortgage 80,000 30,000 Common Stock 136,300 20,000 40,000 63,500 -56,300 10,000 20,000 182,490 APIC 60,000 245,990 Retained Earnings Total liab & equity 441,990 284,000 Income Statement 2019 MacBook Pro Total liab & equity 441,990 284,000 Income Statement Sales COGS Gross Profit SG&S Exps Depr Exp 2019 520,000 -240,000 280,000 -20,000 -15,000 -5,000 Depl Exp EBIT 240,000 -9,000 Interest EBT 231,000 Taxes (21%) - 48,510 Net Income 182,490 Calculate Bees Inc.'s Investing Cash Flow for 20 75,000 -75,000 25,000 0 -25,000