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Denton Corp.'s statement of financial position accounts as at 31 December 20X4 and 20x5 and information relating to 20X5 activities are presented below. As at
Denton Corp.'s statement of financial position accounts as at 31 December 20X4 and 20x5 and information relating to 20X5 activities are presented below. As at 31 December 20X5 20X4 Assets Cash Main content $ 230,000 $ 100,000 Short-term investments 300,000 Accounts receivable 510,000 510,000 Inventory 680,000 600,000 Long-term investments 200,000 300,000 Plant assets 1,700,000 1,000,000 Accumulated depreciation (450,000) (450,000) Patent 90,000 100,000 Total assets $3,260,000 $2,160,000 Liabilities and Shareholders' Equity Accounts payable and accrued liabilities $ 825,000 $ 720,000 Short-term bank debt 325,000 Common shares 1,170,000 950,000 Retained earnings 940,000 490,000 Total liabilities and shareholders' equity $3,260,000 $2,160,000 Information relating to 20x5 activities: Net earnings for 20X5 were $690,000. Cash dividends were declared and paid in 20X5. Equipment costing $400,000 and having a net book value of $150,000 was sold for $150,000. A long-term investment was sold for $135,000. There were no other transactions affecting long-term investments in the year. Short-term investments consist of treasury bills with an original term of three months. Page 272 Required: Determine the following amounts for Denton for the year 20X5: 1. Net cash from operating activities (indirect method) 2. Net cash from investing activities 3. Net cash from financing activities
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