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Mountain Sports Incorporated is a Washington-based clothing and ski/skate accessories retailer. In a recent quarter, it reported the following activities: Net income $ 1,785 Purchase
Mountain Sports Incorporated is a Washington-based clothing and ski/skate accessories retailer. In a recent quarter, it reported the following activities: Net income $ 1,785 Purchase of equipment 9,076 Borrowings under line of credit (bank) 29,242 Proceeds from issuance of common stock 441 Cash received from customers 421,188 Payments to reduce notes payable (long-term) 24,248 Proceeds from sale of marketable securities 41,215 Purchase of marketable securities 35,061 Income taxes paid 7,377 Other fixed
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