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Time left 0:42: Balance Sheet 2019 2020 2019 2020 Cash $ 2,500 $3,100 Accounts payable $ 9,400 $11,600 Accounts receivable 8,200 10,600 Long-term debt 31,800
Time left 0:42: Balance Sheet 2019 2020 2019 2020 Cash $ 2,500 $3,100 Accounts payable $ 9,400 $11,600 Accounts receivable 8,200 10,600 Long-term debt 31,800 27,200 Inventory 19,400 22,800 Common stock 45,200 51,500 Net fixed assets 64,900 66,200 Retained earnings 8,600 12.400 Total assets $95,000 $102,700 Total liabilities and equity $95,000 $102,700 Income Statement Net Sales $128,400 Costs 101,600 Depreciation 7,400 EBIT 19,400 Interest 2,100 Taxable income 17,300 Taxes _3,633 Net Income $13,667 Based on the above financial statements, which of the following accounts were SOURCES of cash in 2020? Inventory Net Income $13,667 Based on the above financial statements, which of the following accounts were SOURCES of cash in 2020? I. Inventory II. Accounts receivable III. Accounts payable IV. Long-term debt V. Common stock O a. II and IV O b. I and II O c. lll and IV O d. Ill and V O e. I, II, and IV
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