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Mike Company has prepared the following Balance Sheets for 2023 and 2022. 12/31/23 12/31/22 Cash $ 61 $ 42 Accounts receivable 41 40 Fixed assets

Mike Company has prepared the following Balance Sheets for 2023 and 2022.

12/31/23

12/31/22

Cash

$ 61

$ 42

Accounts receivable

41

40

Fixed assets

579

465

Accumulated depreciation

(175)

(140)

$506

$407

Accounts payable

$ 74

$ 140

Mortgage payable

40

19

Preferred stock

161

100

Additional Paid-In Capital - preferred

70

40

Common stock

100

100

Retained earnings

61

8

$506

$407

  1. On 8/1/23, Mike sold a fixed asset with a cost of $91 and book value of $66 for $70.
  2. Retained Earnings was adjusted by dividends and net income only.
  3. Net Income in 2023 was $80.

a. Net Cash Provided by Operations is $______________

b. Net Cash Used by Investments is $_______________

c. Net Cash Provided by Financing is $______________

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