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Lueckenhoff Corporation's most recent balance sheet appears below: Comparative Balance Sheet Ending Balance Beginning Balance Asset: Cash and cash equivalents $58 $41 Accounts receivable 68
Lueckenhoff Corporation's most recent balance sheet appears below: Comparative Balance Sheet Ending Balance Beginning Balance Asset: Cash and cash equivalents $58 $41 Accounts receivable 68 53 Inventory 96 72 Property, plant and equipment 634 562 Less accumulated depreciation 298 241 Total assets $558 $487 Liabilities and stockholders' equity: Accounts payable $56 $52 Bonds payable 329 424 Common stock 51 50 Retained earnings 122 (39) Total liabilities and stockholders' equity. $558 $487 The company's net income for the year was $177 and it did not sell or retire any property, plant, and equipment during the year. Cash dividends were $16. The net cash provided by (used in) operating activities for the year was: $58 $157 $241 $199
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