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The following (partial) balance sheets are available for i-Bus, an electronic bus maker, on December 31, 2018 i-Bus (Partial) Comparative Balance Sheets Dec 31, 2017
The following (partial) balance sheets are available for i-Bus, an electronic bus maker, on December 31, 2018 i-Bus (Partial) Comparative Balance Sheets Dec 31, 2017 Dec 31, 2018 Total current liabilities $300,000 $400,000 Long-term debt 600,000 700,000 Common stock 2,000,000 2,100,000 Retained Earnings 501,000 365,000 Total liabilities and stockholders' equity 3,401,000 3,565,000 Additional information is as follows: Dividends were declared and paid to common stockholders during 2018 i-Bus borrowed $600,000 of a long-term bank loan during 2018, Income statements show a net income of $20,000 Determine cash flows from investing activities. Increase by $44.000 Decrease by $544,000 None of other answer choice is correct Increase by $200.000
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