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Preparation of Statement of Cash Flow Components JEM Company's comparative balance sheets for 2016 and 2017 appear below December 31 Assets 2017 2016 Cash $

Preparation of Statement of Cash Flow Components JEM Company's comparative balance sheets for 2016 and 2017 appear below

December 31

Assets

2017

2016

Cash

$ 68,000

$ 22,000

Accounts receivable

82,000

66,000

Inventory

170,000

189,000

Land

71,000

110,000

Equipment

280,000

200,000

Accumulated depreciationequipment

(74,000)

(42,000)

Total

$597,000

$545,000

Liabilities and Stockholders Equity

Accounts payable

$ 34,000

$ 47,000

Bonds payable

150,000

200,000

Common stock ($1 par)

170,000

164,000

Retained earnings

243,000

134,000

Total

$597,000

$545,000

Additional information: 1. Net income for 2017 was $155,000; there were no gains or losses. 2. Cash dividends of $46,000 were declared and paid. 3. Depreciation for 2017 is 32,000. Based on the information provided, answer the following: a. What was cash provided by operations? (4 points) b. What was cash provided by investing activity? (3 points) c. How much was cash provided by financing activity? (3 points)

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