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The balance sheet data of Pronghorn Company at the end of 2017 and 2016 follow. 2017 2016 Cash $29,000 $35,400 Accounts receivable (net) 55,400 44,500
The balance sheet data of Pronghorn Company at the end of 2017 and 2016 follow.
2017 | 2016 | |||||
---|---|---|---|---|---|---|
Cash | $29,000 | $35,400 | ||||
Accounts receivable (net) | 55,400 | 44,500 | ||||
Inventory | 64,300 | 44,600 | ||||
Prepaid expenses | 15,200 | 25,000 | ||||
Equipment | 90,800 | 74,800 | ||||
Accumulated depreciationequipment | (18,100 | ) | (8,800 | ) | ||
Land | 79,900 | 39,600 | ||||
$316,500 | $255,100 | |||||
Accounts payable | $63,600 | $49,000 | ||||
Accrued expenses | 15,000 | 18,000 | ||||
Notes payablebank, long-term | 0 | 22,800 | ||||
Bonds payable | 30,200 | 0 | ||||
Common stock, $10 par | 200,400 | 160,100 | ||||
Retained earnings | 7,300 | 5,200 | ||||
$316,500 | $255,100 |
Land was acquired for $40,300 in exchange for common stock, par $40,300, during the year; all equipment purchased was for cash. Equipment costing $10,000 was sold for $2,000; 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:
(a) | Operating activities. | |
(b) | Investing activities. | |
(c) | Financing activities. |
(Show amounts that decrease cash flow with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000).)
(a) | Net cash select an option usedprovided by operating activities | $enter a dollar amount | ||
---|---|---|---|---|
(b) | Net cash select an option usedprovided by investing activities | $enter a dollar amount | ||
(c) | Net cash select an option usedprovided by financing activities | $enter a dollar amount |
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