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Schleich Corporation's most recent balance sheet appears below: Comparative Balance Sheet Ending Balance Beginning Balance Assets: Cash and cash equivalents $126 $81 Accounts receivable 63
Schleich Corporation's most recent balance sheet appears below:
Comparative Balance Sheet | ||
Ending Balance | Beginning Balance | |
Assets: | ||
Cash and cash equivalents | $126 | $81 |
Accounts receivable | 63 | 44 |
Inventory | 61 | 79 |
Property, plant and equipment | 754 | 583 |
Less accumulated depreciation | 286 | 260 |
Total assets | $718 | $527 |
Liabilities and stockholder's equity: | ||
Accounts payable | $70 | $89 |
Accrued liabilities | 42 | 28 |
Income taxes payable | 62 | 48 |
Bonds payable | 168 | 223 |
Common stock | 109 | 93 |
Retained earnings | 267 | 46 |
Total liabilities and stockholder's equity | $718 | $527 |
Net income for the year was $287. Cash dividends were $66. The company did not sell or retire any property, plant, and equipment during the year. The net cash provided by operating activities for the year was:
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