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Thessalon Co. at January 1, 2019 had retained earnings of $600,000 and $50,000 in cash. In the year 2019 it .. made a net income

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Thessalon Co. at January 1, 2019 had retained earnings of $600,000 and $50,000 in cash. In the year 2019 it .. made a net income of $400,000; recorded an amortization expense of $250,000; issued additional common shares for $600,000 and borrowed $600,000 from the Bar Ontario; bought new plant and equipment at a cost of $1,200,000 and sold some unused land for $400,000. For the 2019 year "Investing Activi generated cash of Select one: O a. $600,000 O b. $800,000 O c. ($600,000) O d. ($800,000)

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