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The changes in each balance sheet account for Carver Corporation during the year just completed are as follows: Increase Decrease Cash and cash equivalents $

The changes in each balance sheet account for Carver Corporation during the year just completed are as follows:

Increase Decrease
Cash and cash equivalents $ 3,210
Accounts receivable $ 5,150
Inventory $ 6,120
Prepaid expenses $ 3,150
Long-term investments $ 18,360
Property, plant, and equipment $ 11,330
Accumulated depreciation $ 9,270
Accounts payable $ 8,560
Accrued liabilities $ 5,250
Bonds Payable $ 12,720
Common Stock $ 3,270
Retained Earnings $ 1,850

Carver Corporation's income statement for the year just ended shows the following:

Income Statement
Sales $ 380,850
Cost of goods sold 205,200
Gross margin 175,650
Selling and administrative expense 173,800
Net income $ 1,850

The company did not dispose of any property, plant, and equipment, buy any long-term investments, issue any bonds payable, or repurchase any of its own common stock during the year. Carver Corporation uses the direct method to construct its statement of cash flows.

Required:

a. Determine the sales adjusted to the cash basis.

b. Determine the cost of goods sold adjusted to the cash basis.

c. Determine the selling and administrative expenses adjusted to a cash basis.

d. Determine the net cash provided by (used in) operating activities. (Negative amounts should be indicated by a minus sign.)

e. Determine the net cash provided by (used in) investing activities. (Negative amounts should be indicated by a minus sign.)

f. Determine the net cash provided by (used in) financing activities. (Negative amounts should be indicated by a minus sign.)

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