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Illies Corporation's comparative balance sheet appears below: Ending Beginning Balance Balance Assets: Current assets: Cash and cash equivalents. $40,000 $ 33,000 19,000 21,000 67,000
Illies Corporation's comparative balance sheet appears below: Ending Beginning Balance Balance Assets: Current assets: Cash and cash equivalents. $40,000 $ 33,000 19,000 21,000 67,000 69,000 126,000 123,000 358,000 339,000 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 wages and salaries payable. Accrued income taxes payable. Notes payable. Total current liabilities Long-term debt Deferred income taxes. Total liabilities. Stockholders' equity: Common stock Retained earnings Total stockholders' equity. 156,000 132,000 202,000 207.000 $328,000 $330,000 $18,000 $ 19,000 35,000 37,000 23,000 19,000 19,000 22,000 95,000 97,000 82,000 86,000 25,000 23,000 202,000 206,000 23,000 22,000 103,000 102,000 126,000 124,000 Total liabilities and stockholders' equity.... $328,000 $330,000 The company's net income (loss) for the year was $5,000 and its cash dividends were $4,000. The total dollar amount of all of the items that would be classified as uses when compiling a simplified statement of cash flows is: Select one: O a. $7,000 O b. $40,000 O c. $29,000 O d. $33,000
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