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The balance sheet data of Sage Company at the end of 2017 and 2016 are shown below. 2017 2016 Cash Accounts receivable (net) Inventory Prepaid
The balance sheet data of Sage Company at the end of 2017 and 2016 are shown below. 2017 2016 Cash Accounts receivable (net) Inventory Prepaid expenses $29,900 55,400 64,800 15,100 89,600 (17,920) 70,100 $306,980 $35,100 45,100 44,700 24,700 74,700 (8,000 ) 40,400 $256,700 Equipment Accumulated depreciation-equipment Land Accounts payable Accrued expenses Notes payable-bank, long-term Bonds payable Common stock, $10 par Retained earnings $64,400 15,200 -0- 29,900 189,300 8,180 $306,980 $52,400 18,100 22,800 -0- 159,600 3,800 $256,700 Land was acquired for $29,700 in exchange for common stock, par $29,700, during the year; all equipment purchased was for cash. Equipment costing $13,200 was sold for $3,000; book value of the equipment was $6,000. 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).) by operating activities. $ (a) Net Cash (b) Net Cash (c) Net Cash by investing activities. $ by financing activities. $
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