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Dauber Corporation's comparative balance sheet and income statement for last year appear below: Comparative Balance Sheet Ending Balance Beginning Balance Cash and cash equivalents $

  1. Dauber Corporation's comparative balance sheet and income statement for last year appear below:

Comparative Balance Sheet

Ending Balance

Beginning Balance

Cash and cash equivalents

$

64,000

$

39,000

Accounts receivable

57,000

44,000

Inventory

58,000

70,000

Prepaid expenses

18,000

10,000

Long-term investments

290,000

230,000

Property, plant, and equipment

520,000

520,000

Less accumulated depreciation

390,000

358,000

Total assets

$

617,000

$

555,000

Accounts payable

$

14,000

$

38,000

Accrued liabilities

35,000

17,000

Income taxes payable

69,000

40,000

Bonds payable

160,000

180,000

Common stock

140,000

110,000

Retained earnings

199,000

170,000

Total liabilities and stockholders' equity

$

617,000

$

555,000

Income Statement

Sales

$

580,000

Cost of goods sold

250,000

Gross margin

330,000

Selling and administrative expense

210,000

Net operating income

120,000

Income taxes

36,000

Net income

$

84,000

The company declared and paid a cash dividend of $55,000 during the year. It did not sell any long-term investments, issue any bonds payable, or repurchase any of its own common stock.

Required:

a. Construct in good form the operating activities section of the company's statement of cash flows for the year.

b. Construct in good form the investing activities section of the company's statement of cash flows for the year.

c. Construct in good form the financing activities section of the company's statement of cash flows for the year.

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