Question
Ending balance Beginning balance Assets: Current assets: Cash and cash equivalents Accounts receivable Inventory $53,500 $44,600 $18,700 $22,300 $48,900 $53,000 Total current assets $121,100 $119,900
Ending balance Beginning balance Assets: Current assets: Cash and cash equivalents Accounts receivable Inventory $53,500 $44,600 $18,700 $22,300 $48,900 $53,000 Total current assets $121,100 $119,900 Property, plant, and equipment $287,800 $275,300 Less accumulated depreciation $109,050 $101,550 Net property, plant, and equipment $178,750 $173,750 Total assets $299,850 $293,650 Liabilities and stockholders' equity: Current liabilities: Accounts payable $26,030 $29,580 Wages payable $41,600 $47,100 Other accounts payable $42,200 $35,400 Notes payable $24,200 $25,200 Total current liabilities $134,030 $137,280 Long-term debt $73,500 $79,500 Deferred income taxes $19,570 $17,000 Total liabilities $227,100 $96,500 Stockholders' equity: Common stock Retained earnings $48,430 $45,000 $24.320 $14.870 Stockholders' equity: Common stock Retained earnings Total stockholders' equity Total liabilities and stockholders' equity $48,430 $45,000 $24,320 $14,870 $72,750 $59,870 $299,850 $293,650 Operating income during the period was $13,450, while cash dividends paid were $4,000. The total sources of cash at Bostick Corporation during the year was A. $8,900. B. $33,950. C. $14,550. D $41 450
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