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Sonier Corporation's most recent balance sheet appears below: Sonier Corporation's Comparative Balance Sheet Ending Balance Beginning Balance Assets: Cash and cash equivalents $ 62 $
Sonier Corporation's most recent balance sheet appears below: |
Sonier Corporation's Comparative Balance Sheet | ||
Ending Balance | Beginning Balance | |
Assets: | ||
Cash and cash equivalents | $ 62 | $ 54 |
Accounts receivable | 105 | 98 |
Inventory | 87 | 84 |
Property, plant and equipment | 728 | 640 |
Less: accumulated depreciation | 284 | 248 |
Total assets | $698 | $628 |
Liabilities and stockholders' equity: | ||
Accounts payable | $ 78 | $ 76 |
Bonds payable | 376 | 440 |
Common stock | 46 | 42 |
Retained earnings | 198 | 70 |
Total liabilities and stockholders' equity | $698 | $628 |
The net income for the year was $187. Cash dividends were $59. The company did not issue any bonds or repurchase any of its common stock during the year. The net cash provided by (used in) financing activities for the year was: |
$(119)
$(59)
$(64)
$4
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