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The balance sheet data of Teal Company at the end of 2020 and 2019 are shown below. 2019 Cash Accounts receivable (net) Inventory Prepaid expenses
The balance sheet data of Teal Company at the end of 2020 and 2019 are shown below. 2019 Cash Accounts receivable (net) Inventory Prepaid expenses Equipment Accumulated depreciation-equipment Land 2020 $29,700 54,900 64,700 14,900 89,200 (17,840 ) 69,700 $305,260 $35,400 44,600 45,000 24,700 75,300 (8,100) 40,000 $256,900 Accounts payable Accrued expenses Notes payable-bank, long-term Bonds payable Common stock, $10 par Retained earnings $64,300 14,900 -0- 30,300 188,500 7,260 $305,260 $51,800 17,800 23,100 -0- 158,800 5,400 $256,900 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 $12,800 was sold for $3,100; 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).) 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 $12,800 was sold for $3,100; book value o 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).) (a) Net Cash (b) Net Cash by operating activities. $ by investing activities. $ A Net Cash by financing activities. $ A
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