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Statement of Cash Flows A comparative balance sheet for Johnson Corporation is presented below. December 31 Assets Cash Accounts receivable Inventory Land Equipment Accumulated depreciation-equipment74,000)
Statement of Cash Flows A comparative balance sheet for Johnson Corporation is presented below. December 31 Assets Cash Accounts receivable Inventory Land Equipment Accumulated depreciation-equipment74,000) 2017 68,000 82,000 170,000 71,000 280,000 2016 $ 22,000 66,000 189,000 110,000 200,000 (42,000 $545,000 Total Liabilities and Stockholders' Equity Accounts payable Bonds payable Common stock ($1 par) Retained earnings 34,000 150,000 164,000 249,000 $597,000 $ 47,000 200,000 164,000 134,000 $545,000 Tota Additional information: 1. Net income for 2017 was $155,000; there were no gains or losses. 2. Cash dividends of $40,000 were declared and paid. 3. Bonds payable of $50,000 were retired. Instructions: Compute each of the following (show your work): 1. Net cash provided by operating activities 2. Net cash provided (used) by investing activities 3. Net cash provided (used) by financing activities 4. Net change in cash 5. Ending cash balance
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