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Hirshberg Corporation's comparative balance sheet appears below: Comparative Balance Sheet Ending Balance Beginning Balance Assets Current assets: $ 52,000e 26,800 67,200 146,000 364,000 186,000 178,000
Hirshberg Corporation's comparative balance sheet appears below: Comparative Balance Sheet Ending Balance Beginning Balance Assets Current assets: $ 52,000e 26,800 67,200 146,000 364,000 186,000 178,000 $324,000 $ 32,000e 32,000 62,000 126,000 342,000 154,000 188,000 $314,006e Cash and cash equivalents Accounts receivable Inventory Total current assets Property, plant, and equipment Less accumulated depreciation Net property, plant, and equipment Total assets Liabilities and stockholders' equity: Current liabilities: $ 27,200 73,400 55,200 155,800 54,000 209,800 $ 23,000 62,000 52,000 137,000 82,000 219,000 Accounts payable Accrued liabilities Income taxes payable Total current liabilities Bonds payable Total liabilities Stockholders' equity: 40,900 73,300 114, 200 $324,000 Common stock 43,000 52,000 95,000 $314,006 Retained earnings Total stockholders equity Total liabilities and stockholders' equity The company's net income for the year was $26,800 and its cash dividends were $5,500. It did not sell or retire any property, plant, and equipment during the year The company's net cash provided by (used in) investing activities is
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