Question
The balance sheet data of Waterway Company at the end of 2020 and 2019 are shown below. 2020 2019 Cash $30,100 $35,200 Accounts receivable (net)
The balance sheet data of Waterway Company at the end of 2020 and 2019 are shown below.
2020 | 2019 | |||||
Cash | $30,100 | $35,200 | ||||
Accounts receivable (net) | 55,000 | 44,700 | ||||
Inventory | 64,800 | 44,900 | ||||
Prepaid expenses | 14,900 | 25,100 | ||||
Equipment | 89,900 | 74,200 | ||||
Accumulated depreciationequipment | (17,980 | ) | (8,100 | ) | ||
Land | 70,000 | 39,600 | ||||
$306,720 | $255,600 | |||||
Accounts payable | $64,500 | $52,000 | ||||
Accrued expenses | 15,000 | 17,900 | ||||
Notes payablebank, long-term | 0 | 23,100 | ||||
Bonds payable | 30,100 | 0 | ||||
Common stock, $10 par | 189,000 | 158,600 | ||||
Retained earnings | 8,120 | 4,000 | ||||
$306,720 | $255,600 |
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 $3,000; book value of the equipment was $6,100. Cash dividends of $10,100 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 usedprovided by operating activities. | $ | ||
(b) | Net Cash usedprovided by investing activities. | $ | ||
(c) | Net Cash usedprovided by financing activities. | $ |
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