TB MC Qu. 14-64 Illies Corporation's comparative balance sheet ... Illies Corporation's comparative balance sheet appears below: Comparative Balance Sheet Ending Balance Beginning Balance $ 47,000 26,000 74,000 147,000 379,000 170,000 209,000 $356, $ 40,000 28,700 76,700 145,400 353,000 139,000 214,000 $359,400 Assets: Current assets: Cash and cash equivalents Accounts receivable Inventory Total current assets Property, plant, and equipment Less accumulated depreciation Net property, plant, and equipment Total assets Liabilities and stockholders' equity: Current liabilities: Accounts payable Accrued liabilities Income taxes payable Total current liabilities Bonds payable Total liabilities Stockholders' equity: Common stock Retained earnings Total stockholders' equity Total liabilities and stockholders' equity $ 25,000 61,000 56,400 142,400 89,000 231,400 $ 26,700 66,700 49,000 142,400 96,500 238,900 33,500 91,100 124,600 $356,000 29,000 91,500 120,500 $359,400 The company did not dispose of any property, plant, and equipment during the year. Its net income for the year was $3,600 and its cash dividends were $4,000. The company did not issue any bonds payable or purchase any of its own common stock during the year. Its net cash provided by (used in) operating activities and net cash provided by (used in) financing activities are: Multiple Choice net cash provided by (used in) operating activities, $40,000; net cash provided by (used In) financing activities, $(7,000) net cash provided by (used in) operating activities, $42,700; net cash provided by (used in) financing activities, $(4,500) net cash provided by (used in) operating activities, $40,000, net cash provided by (used in) financing activities, $(4,500) net cash provided by (used in) operating activities, $42,700; net cash provided by (used in) financing activities, $(7,000)