Question 21 Jamison Corp.'s balance sheet accounts as of December 31, 2018 and 2017 and information relating to 2018 activities are presented below. December 31 2018 2017 Assets Cash $200,000 Investments $ 440.000 600.000 1,020.000 Accounts receivable (net) Inventory Long-term investments Plant assets 1,380,000 400,000 3,400,000 (900.000) 180.000 $6,520.000 1,020,000 1.200,000 600.000 2,000,000 1900,000 200.000 $4,320.000 Accumulated depreciation Patent Total assets Liabilities and Stockholders' Equity Accounts payable and accrued liabilities Notes payable (nontrade) $1.440,000 $1.660.000 580.000 1.600.000 800,000 Common stock, $10 par Additional paid.in capital 1.400.000 500.000 980.000 $4.320.000 Retained earnings Total liabilities and stockholders' equity 1.880.000 $6.520,000 Information relating to 2018 activities: Net income for 2018 was $1.500.000 No intangible assets were sold during the year. Any dividends declared in 2018 were also paid in 2018. Equipment costing $1,000,000 and having a carrying amount of $320,000 was sold in 2018 for $360,000 A long-term investment was sold in 2018 for $320,000. There were no other transactions affecting long-term investments in 2018. 20,000 shares of common stock were issued in 2018 for $25 a share Investments consist of securities maturing on 6/30/19 Net cash used in Jamison's 2018 investing activities was $1,680,000 $1,720.000 $1,820.000 $2,320,000