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Please show work, thank you Financial statements of Ansbro Corporation follow: Ansbro Corporation Comparative Balance Sheet Ending Balance Beginning Balance Assets: Cash and cash equivalents

Please show work, thank you

Financial statements of Ansbro Corporation follow:

Ansbro Corporation Comparative Balance Sheet
Ending Balance Beginning Balance
Assets:
Cash and cash equivalents $27 $24
Accounts receivable 83 75
Inventory 39 34
Property, plant and equipment 573 510
Less: accumulated depreciation

332

302

Total assets

$390

$341

Liabilities and stockholders' equity:
Accounts payable $47 $58
Bonds payable 110 140
Common stock 83 75
Retained earnings

150

68

Total liabilities and stockholders' equity

$390

$341

Income Statement
Sales $720
Cost of goods sold

452

Gross margin 268
Selling and administrative expenses

116

Net operating income 152
Income taxes

55

Net income

$97

Cash dividends were $15. The company did not dispose of any property, plant, and equipment. It did not issue any bonds payable or repurchase any of its own common stock. The following questions pertain to the company's statement of cash flows.

The net cash provided by (used in) investing activities for the year was:

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