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The balance sheet data of Metlock Company at the end of 2025 and 2024 follow. Land was acquired for $30,300 in exchange for common stock,
The balance sheet data of Metlock Company at the end of 2025 and 2024 follow. Land was acquired for $30,300 in exchange for common stock, par $30,300, during the year; all equipment purchased was for cash. Equipment costing $12,900 was sold for $3,000; book value of the equipment was $6,100. Cash dividends of $10,000 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)
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