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The balance sheet data of Pina Company at the end of 2020 and 2019 are shown below. 2020 2019 Cash $30,300 $34,800 Accounts receivable
The balance sheet data of Pina Company at the end of 2020 and 2019 are shown below. 2020 2019 Cash $30,300 $34,800 Accounts receivable (net) 55,300 45,000 Inventory 64,800 45,300 Prepaid expenses 15,100 24,900 Equipment 89,100 74,800 Accumulated depreciation-equipment (17,820 ) (8,000 ) Land 69,300 40,000 $306,080 $256,800 Accounts payable $65,700 $51,600 Accrued expenses 15,200 18,100 Notes payable-bank, long-term -0- 23,100 Bonds payable 29,700 -0- Common stock, $10 par 187,700 158,400 Retained earnings 7,780 5,600 $306,080 $256,800 Land was acquired for $29,300 in exchange for common stock, par $29,300, during the year; all equipment purchased was for cash. Equipment costing $13,000 was sold for $3,000; 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 e.g. -12,000 or in parenthesis e.g. (12,000).) (a) Net Cash used by operating activities. $ (b) Net Cash provided by investing activities. $ (c) Net Cash provided by financing activities. $
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