SALLY COMPANY BALANCE SHEET ACCOUNTS December 31, 2012 and 2011 12/31/2012 10,000 20,000 12/31/2011 Debit Accounts 5,000 19,000 10,000 70,000 4.000 108,000 Cash Accounts Receivable 13,000 Merchandise Inventory Buildings 110,000 34,000 Land 187,000 Totals Credit Accounts 8,000 25,000 20,000 35,000 3,000 40,000 32,000 76,000 Accounts Payable Accum Depre-Buildings Bonds Payable (due 2050) Common Stock ($1 par value) Retained Earnings 20,000 36,000 108,000 Totals 187,000 SALLY COMPANY INCOME STATEMENT For The Year Ended December 31, 2012 132,000 93,000 15,000 24,000 Sales Cost of Goods Sold Depreciation Expense Net Income Additional Data: 1. Sally declared and paid cash dividends of $8,000 during 2012. 2. Issued $12,000 of Bonds Payable at face value during 2012 for cash. 3. Purchased Land during 2012 for cash. 4. Issued 41,000 shares of common stock at par for cash during 2012. 5. Constructed an addition to the Buildings during 2012 for cash. The net amount of cash received (used) for investing activities during 2012 is: O $(55,000) O $(40,000) $(95,000) $(70,000) none of the above