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How do I solve for required 2? Argyle Corporation has a net loss of $-69,350 in 2019. A review of its accounts for 2019 reveals:
How do I solve for required 2?
Argyle Corporation has a net loss of \\$-69,350 in 2019. A review of its accounts for 2019 reveals: Dividends declared and paid \\( =\\$ 44,200 \\) Depreciation Expense \\( =\\$ 40,000 \\) Increase in Accounts Payable \\( =\\$ 20,000 \\) Issuance (sale) of shares \\( =\\$ 250,000 \\) Retirement of Long Term Debt \\( =\\$ 75,000 \\) No other event took place in 2019 and no other account reports a genuine change in its balance except for Retained Earnings. Ignore tax implications. Required 1: what is the amount of cash provided (used) by operating activities? \\$ Required 2: what is the amount of cash provided (used) by financing activities? \\$ Required 3: Assume the opening balance of Retained Earnings was \\$150,000, what is the ending balance at the end of Year 2019 ? \\$Step by Step Solution
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