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The balance sheet data of Sweet Company at the end of 2017 and 2016 are shown below 2017 2016 Cash Accounts receivable (net) Inventory Prepaid
The balance sheet data of Sweet Company at the end of 2017 and 2016 are shown below 2017 2016 Cash Accounts receivable (net) Inventory Prepaid expenses Equipment Accumulated depreciation-equipment Land $29,800 $35,200 55,300 65,200 15,000 89,900 (17,980) 70,600 45,200 45,500 25,200 74,600 (7,900) 40,300 $307,820 $258,100 $65,500 15,000 $52,100 17,900 23,100 Accounts payable Accrued expenses Notes payable-bank, long-term Bonds payable Common stock, $10 par Retained earnings 30,300 188,000 9,020 $307,820 157,700 7,300 $258,100 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 $13,100 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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