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help Liabilities and Stockholders' Equity Accounts payable Accrued expenses payable Bonds payable Common stock $285,60046,200$188,44058,800 Retained earnings Total $1,911,000655,200$1,441,300295,260 Additional information: 1. New plant assets
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Liabilities and Stockholders' Equity Accounts payable Accrued expenses payable Bonds payable Common stock $285,60046,200$188,44058,800 Retained earnings Total $1,911,000655,200$1,441,300295,260 Additional information: 1. New plant assets costing $280,000 were purchased for cash during the year. 2. Old plant assets having an original cost of $161,000 and accumulated depreciation of $135,800 were sold for $4,200 cash. 3. Bonds payable matured and were paid off at face value for cash. 4. A cash dividend of $72,884 was declared and paid during the year. Cash Flows from Operating Activities Cash Receipts from Customers 81200280000 Step by Step Solution
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