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The balance sheet data of Ivanhoe Company at the end of 2020 and 2019 are shown below. 2020 2019 Cash $29,800 $35,400 Accounts receivable
The balance sheet data of Ivanhoe Company at the end of 2020 and 2019 are shown below. 2020 2019 Cash $29,800 $35,400 Accounts receivable (net) 54,900 45,500 Inventory 64,600 45,000 Prepaid expenses 15,100 25,300 Equipment 90,100 74,700 Accumulated depreciation-equipment (18,020 ) (7,900 ) Land 70,500 39,800 $306,980 $257,800 Accounts payable $65,400 $51,700 Accrued expenses 14,800 18,100 Notes payable-bank, long-term -0- 22,800 Bonds payable 29,900 -0- Common stock, $10 par 190,800 160,100 Retained earnings 6,080 5,100 $306,980 $257,800 Land was acquired for $30,700 in exchange for common stock, par $30,700, during the year; all equipment purchased was for cash. Equipment costing $12,800 was sold for $3,100; book value of the equipment was $5,900. Cash dividends of $9,900 were declared and paid during the year. Compute net cash provided (used) by: (Show amounts that decrease cash flow with either a-sign e.g. -12,000 or in parenthesis e.g. (12,000).) (a) Net Cash provided by operating activities. $ (b) Net Cash used by investing activities. $ (c) Net Cash used by financing activities. $ eTextbook and Media
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