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The stockholders' equity of Crater, Inc. at December 31, 2016, appears below: Common stock, $25 par value, 200,000 shares authorized,135,000 shares issued and outstanding Paid-in
The stockholders' equity of Crater, Inc. at December 31, 2016, appears below: Common stock, $25 par value, 200,000 shares authorized,135,000 shares issued and outstanding Paid-in capital in excess of par value Retained earnings 3,375,000 1,750,000 2,575,000 During 2017, the following transactions occurred May 10 August 31: December 10: December 31: Declared a 10% common stock dividend when market value was $50 per share Issued the stock dividend declared on June 15 Declared a cash dividend of $3.50 per share to be paid in January 2018 Recognized net income of $ 1,630,500 18) Compute the year-end balance of the retained earnings for 2017. Please fill in your answer on the answer keyl The following schedule of information relates to Minerva Systems, Inc. for the year ended November 30, 2017: Please fill your answers on the answer key: Depreciation expense Net income $ 87,960 502,800 44,040 Cash at start of year Nonoperating cash receipts From sale of plant assets (recorded a gain of $2,400) From sale of marketable securities Nonoperating cash payments For repurchase of preferred stock For purchase of bonds as investment To stockholders as dividends Change in working capital accounts Accounts receivable increase Inventory increase Accounts payable decrease Accrued liabilities increase 39,000 93,600 114,000 319,320 141,240 97,080 6,480 44,400 7,920 19) What is the amount of cash used or provided by operating activities? 20) ) What is the amount of cash used or provided by investing activities? 21) What is the amount of cash used or provided by financing activities
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