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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 $ 61 $
Sonier Corporation's most recent balance sheet appears below: |
Sonier Corporation's Comparative Balance Sheet | ||
Ending Balance | Beginning Balance | |
Assets: | ||
Cash and cash equivalents | $ 61 | $ 53 |
Accounts receivable | 104 | 97 |
Inventory | 86 | 83 |
Property, plant and equipment | 718 | 630 |
Less: accumulated depreciation | 282 | 246 |
Total assets | $687 | $617 |
Liabilities and stockholders' equity: | ||
Accounts payable | $ 77 | $ 75 |
Bonds payable | 367 | 430 |
Common stock | 45 | 39 |
Retained earnings | 198 | 73 |
Total liabilities and stockholders' equity | $687 | $617 |
The net income for the year was $183. Cash dividends were $58. 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: |
$6
$(115)
$(58)
$(63)
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