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Skysong, Inc. had the following transactions during 2017: Skysong, Inc. had the following transactions during 2017: 1. Issued $205000 of par value common stock for
Skysong, Inc. had the following transactions during 2017:
Skysong, Inc. had the following transactions during 2017: 1. Issued $205000 of par value common stock for cash. 2. Recorded and paid wages expense of $98400. 3. Acquired land by issuing common stock of par value $82000. 4. Declared and paid a cash dividend of $16400. 5. Sold a long-term investment (cost $4920) for cash of $4920. 6. Recorded cash sales of $65600o. 7. Bought inventory for cash of $262400. 8. Acquired an investment in Zynga stock for cash of $34440. 9. Converted bonds payable to common stock in the amount of $820000 10. Repaid a 6-year note payable in the amount of $360800. What is the net cash provided by operating activities? $393600 $295200 $475600 $500200Step by Step Solution
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