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The balance sheet data of Larkspur Company at the end of 2020 and 2019 are shown below. 2020 2019 Cash $29,900 $34,900 Accounts receivable
The balance sheet data of Larkspur Company at the end of 2020 and 2019 are shown below. 2020 2019 Cash $29,900 $34,900 Accounts receivable (net) 54,400 45,400 Inventory 64,400 44,600 Prepaid expenses 14,900 25,000 Equipment 89,700 75,700 Accumulated depreciation-equipment (17,940 ) (8,000 ) Land 70,500 40,100 $305,860 $257,700 Accounts payable $64,800 $51,900 Accrued expenses 14,800 18,000 Notes payable-bank, long-term -0- 23,100 Bonds payable 30,300 -0- Common stock, $10 par 188,900 158,500 Retained earnings 7,060 6,200 Notes payable-bank, long-term -0- 23,100 Bonds payable 30,300 -0- Common stock, $10 par 188,900 158,500 Retained earnings 7,060 6,200 $305,860 $257,700 Land was acquired for $30,400 in exchange for common stock, par $30,400, during the year; all equipment purchased was for cash, Equipment costing $13,000 was sold for $2,900; book value of the equipment was $5,900. Cash dividends of $10,100 were declared and paid during the year. Compute net cash provided (used) by: (Show amounts that decrease cash flow with either a-sign eg.-12,000 or in parenthesis e.g. (12,000).) by operating activities. $ (a) Net Cash (b) Net Cash by investing activities. $ (c) Net Cash by financing activities. $
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