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The Lucido Company's 2026 Net Income is $170.Balance Sheets are given: 12/31/25 12/31/26 Cash $40 $35 Accounts Receivable 100 88 Machine 400 540 Acc Depr.
The Lucido Company's 2026 Net Income is $170.Balance Sheets are given:
12/31/25
12/31/26
Cash
$40
$35
Accounts Receivable
100
88
Machine
400
540
Acc Depr.
150
250
-160
380
Totals Assets
$390
$503
Dividends Payable
$2
$0
Common Stock
310
348
Treasury Stock
(22)
(30)
Retained Earnings
100
185
Total Liability and O/E
$390
$503
Lucido sold a machine for $122 in 2026.Cost was $200; book value was $120.
Net Cash Used for Investing is:
Select one:
a.$218
b.$340
c.$122
d.$220
e.$462
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