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Illies Corporation's comparative balance sheet appears below: Fading Beginning Balance Balance Assets: Current assets: Cash and cash equivalents. Accounts receivable. $40,000 $ 33,000 19,000 21,000
Illies Corporation's comparative balance sheet appears below: Fading Beginning Balance Balance Assets: Current assets: Cash and cash equivalents. Accounts receivable. $40,000 $ 33,000 19,000 21,000 67,000 69,000 Inventory. Total current assets. Property, plant, and equipment.. Less accumulated depreciation Net property, plant, and equipment Total assets..... 126,000 123,000 358,000 339,000 156,000 132,000 202,000 207,000 $328,000 $330.000 Liabilities and Stockholders' Equity Current liabilities: Accounts payable $18,000 $19,000 Accrued wages and salaries payable..... 35,000 37,000 Accrued income taxes payable. 23,000 19,000 Notes payable. 19,000 22,000 Total current liabilities. 95,000 97,000 Long-term debt. $2,000 86,000 25,000 23,000 202,000 206,000 23,000 22,000 103,000 102,000 Deferred income taxes Total liabilities Stockholders' equity: Common stock Retained eamings Total stockholders' equity 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: a. $7,000 O b. $40,000 c. $29,000 d. $33,000
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