Question
The balance sheet data of Sage Company at the end of 2020 and 2019 are shown below. 2020. 2019 Cash $29,900 $35,300 Accounts receivable (net)
The balance sheet data of Sage Company at the end of 2020 and 2019 are shown below.
2020. 2019 Cash $29,900 $35,300 Accounts receivable (net) 55,200 44,700 Inventory 64,400 45,400 Prepaid expenses 15,000 25,000 Equipment 90,600 75,000 Accumulated depreciationequipment (18,120) (8,100) Land 70,300. 39,900 $307,280 $257,200 Accounts payable $64,800 $52,300 Accrued expenses 15,100 17,800 Notes payablebank, long-term 0 23,200 Bonds payable 30,100 0 Common stock, $10 par 187,200 156,800 Retained earnings 10,080 7,100 $307,280 $257,200
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 $6,000. 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 activites
b.) Nat Cash used by investing activities
c.) Net Cash used by financing activities
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