Question 22 Cash 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 $ 440,000 $200,000 Investments 600,000 Accounts receivable (net) 1.020,000 1.020,000 Inventory 1,380,000 1.200.000 Long-term investments 400,000 600,000 Plant assets 3,400,000 2,000,000 Accumulated depreciation (900,000) 1900,000) Patent 180,000 200.000 Total assets $6,520,000 $4320.000 $1.440,000 Liabilities and Stockholders' Equity Accounts payable and accrued liabilities Notes payable (nontrade) Common stock, $10 par Additional paid-in capital Retained earnings Total liabilities and stockholders' equity $1,660,000 580,000 1.600.000 800,000 1.880.000 $6.520,000 1.400.000 500,000 980000 $4,320,000 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 provided by Jamison's 2018 financing activities was $1,680,000 $1,080,000 $480,000 $520,000