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It says that the numbers for cash recieved from sale of investments, cash paid for purchase of land, cash paid for purchase of equipment, cash

It says that the numbers for cash recieved from sale of investments, cash paid for purchase of
land, cash paid for purchase of equipment, cash recieved from sale of common stock and cash paid for dividends is inocrrect. Can someone please check these? image text in transcribed
image text in transcribed
image text in transcribed
Dec. 31, 2019 Dec. 31, 2018 Assets Cash $316,580 Accounts receivable (net) 114,680 323,750 $292,800 105,160 311,350 120,620 Inventories 0 166,050 Investments Land Equipment Accumulated depreciation-equipment 357,190 (83,620) $1,194,630 275,270 (74,230) $1,030,970 Total assets Liabilities and Stockholders' Equity Accounts payable (merchandise creditors) Accrued expenses payable (operating expenses) $203,100 26,810 9,280 Dividends payable Common stock, $10 par Paid-in capital in excess of par-common stock $216,230 21,500 11,950 64,510 242,510 637,930 $1,194,630 50,520 140,210 601,050 $1,030,970 Retained earnings Total liabilities and stockholders' equity Additional data obtained from an examination of the accounts in the ledger for 2049 are as follows: 9,390 -20,510 Adjustinens to reconcile hec income to her cash Howrom operadng activities: Depreciation Gain on sale of investments Changes in current operating assets and liabilities: Increase in accounts receivable Increase in Inventories Increase in accounts payable -9,520 -12,400 13,130 Decrease in accrued expenses payable -5,310 60,120 Net cash flow from operating activities Cash flows from (used for) investing activities: Cash received from sale of investments Cash paid for purchase of land -81,920 141,130 Cash paid for purchase of equipment -166,050 - 106,840 Net cash flow used for investing activities Cash flows from (used for) financing activities: Cash received from sale of common stock Cash paid for dividends -45,790 116,290 70,500 Net cash flow from financing activities Net increase in cash 23,780 Cash balance, January 1, 2049 292,800 Cash balance, December 31, 2049 316,580

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