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Hirshberg Corporation's comparative balance sheet appears below: Ending Balance Beginning Balance Assets: $42,000 22,000 66,000 130,000 401,000 207.000 194,000 $324,000 $31,000 18,000 70,000 119,000 377,000
Hirshberg Corporation's comparative balance sheet appears below: Ending Balance Beginning Balance Assets: $42,000 22,000 66,000 130,000 401,000 207.000 194,000 $324,000 $31,000 18,000 70,000 119,000 377,000 177,000 200,000 $319,000 Current assets: 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: Accounts payable Accrued liabilities Income taxes payable Total current liabilities Bonds payable Total liabilities Stockholders' equity: Common stock Retained earnings Total stockholders' equity $15,000 45,000 53,000 113,000 83,000 196,000 $17,000 38,000 51,000 106,000 91,000 197,000 27,000 101,000 128,000 28,000 94,000 122,000 $324,000 $319,000 Total assets Liabilities and Stockholders' Equity Current liabilities: Accounts payable Accrued liabilities Income taxes payable Total current liabilities Bonds payable Total liabilities Stockholders' equity: Common stock Retained earnings Total stockholders' equity Total liabilities and stockholders' equity $15,000 45,000 53,000 113,000 83,000 196,000 $17,000 38,000 51,000 106,000 91,000 197,000 27,000 101,000 128,000 $324.000 28,000 94,000 122,000 $319,000 The company's net income (loss) for the year was $11,000 and its cash dividends were $4,000. It did not sell or retire any property, plant, and equipment during the year. The company's net cash provided by operating activities is: O $48,000 $18,000 $40,000 $52,000
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