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Question 2 of 5 < > View Policies Current Attempt in Progress The balance sheet data of Sunland Company at the end of 2020
Question 2 of 5 < > View Policies Current Attempt in Progress The balance sheet data of Sunland Company at the end of 2020 and 2019 are shown below. 2020 2019 Cash $30,100 $34,700 Accounts receivable (net) 54,800 45,000 Inventory 64,600 44,800 Prepaid expenses 15,000 24,900 Equipment 89,300 75,800 Accumulated depreciation-equipment (17,860 ) (8,100 ) Land 69,400 40,300 $305,340 $257,400 Accounts payable $65,200 $52,500 Accounts payable $65,200 $52,500 Accrued expenses 15,200 17,900 Notes payable-bank, long-term -0- 22,900 Bonds payable 29,700 -0- Common stock, $10 par 189,800 160,700 Retained earnings 5,440 3,400 $305,340 $257,400 Land was acquired for $29,100 in exchange for common stock, par $29,100, during the year; all equipment purchased was for cash. Equipment costing $13,100 was sold for $3,000; book value of the equipment was $6,100. Cash dividends of $10,000 were declared and paid during the year. Compute net cash provided (used) by: (Show amounts that decrease cash flow with either a - sign e.g. -12,000 or in parenthesis e.g. (12,000).) (a) Net Cash by operating activities. $ (b) Net Cash by investing activities. $ (c) Net Cash by financing activities. $
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