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Q29) The balance sheet for December 31, 2012, December 31, 2011, and the income statement for the year ended December 31, 2012, for Rocket Company follows. Rocket Company Balance Sheet December 31, 2012 and 2011 2012 2011 60,000 80,000 130,000 (85,000) 70,000 100,000 115,000 (70,000) Assets Accounts receivable, net Inventory Building and equipment Accumulated depreciation Liabilities and Stockholders' Equity Accounts payable Current notes payable Common stock Retained earnings $ 30,000 50,000** 110,000*** 61,000 $ 35,000 60,000 100,000 84,000 Additional information Net income for 2012 is $45,000. During 2012 cash payments for building and equipment $15,000. ** During 2012 cash paid for retirement of notes payable $10,000. *** During 2012 cash received from issuance of stock. Note: Cash dividends of $68,000 were paid during 2012. Net cash provided (used) by financing actixties will be: B. (58,000)