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Use the following information for Questions 4 & 5 Assets: Ending Beginning Balance Balance Current assets: Cash and cash equivalents... $ 40,000 $ 33,000
Use the following information for Questions 4 & 5 Assets: Ending Beginning Balance Balance Current assets: Cash and cash equivalents... $ 40,000 $ 33,000 Accounts receivable.. Inventory.. Total current assets Property, plant, and equipment. Less accumulated depreciation.. 19,000 21,000 67.000 69.000 126.000 123,000 358,000 339,000 156,000 132,000 Net property, plant, and equipment. Total assets.. 202,000 207,000 $328.000 $330.000 Liabilities and Stockholders' Equity Current liabilities: Accounts payable. $18,000 $ 19,000 Accrued liabilities. Income taxes payable Total current liabilities. Bonds payable. Total liabilities... Stockholders' equity: Common stock. 54,000 59,000 48,000 42,000 120,000 120,000 82,000 86,000 202.000 206,000 23,000 22,000 Retained eamings.. Total stockholders' equity. Total liabilities and stockholders' equity. 103.000 102,000 126,000 124,000 $328.000 $330.000 The company had depreciation expense of $24,000. Its net income for the year was $5,000 and its cash dividends were $4,000. The company issued $1,000 of common stock. They did not issue bonds payable or purchase its own common stock. The company paid $4,000 of the principal on the bonds payable. The net cash provided by (used by) operating activities is
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