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Given the following income statement and balance sheet, find the net cash provided by financing activities? Income statement for 2019 $174,000 Sales Cost of merchandise

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Given the following income statement and balance sheet, find the net cash provided by financing activities? Income statement for 2019 $174,000 Sales Cost of merchandise sold Gross profit IN 94.000 $80,000 Operating expenses: Wages expense Rent expense Insurance expense Depreciation expense Total operating expenses $20,000 10,000 6,000 5.000 41,000 $39,000 Other revenue and expenses Gain on sale of investments Loss on sale of equipment $10.000 (1.000 9,000 Net income $48.000 Sh Balance Sheet. End 2019 End 2018 Assets Cash Accounts receivable Merchandise inventory Prepaid insurance Investment in ABC Co. stock Equipment Accumulated depreciation Land Total assets $50,000 $12,000 34,000 58,000 112,000 80,000 9,000 15,000 0 80,000 221,000 60,000 (50,000) (45,000) 0 100,000 $376,000 $360.000 Liabilities Accounts payable Wages payable Cash dividends payable Bonds payable Stockholders' Equity $29.000 14,000 5,000 0 $22,000 17.000 8,000 50,000 Common stock Paid-in capital in excess of par Retained earnings Total liabilities and stockholders equity $ 140,000 $125.000 30 000 25,000 158 000 13.000 $376.000 $360.000

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