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Use the following information for Questions 4 & 5 Ending Beginning Balance Balance Assets: Current assets: Cash and cash equivalents, $ 40,000 $ 33,000 Accounts

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Use the following information for Questions 4 & 5 Ending Beginning Balance Balance Assets: Current assets: Cash and cash equivalents, $ 40,000 $ 33,000 Accounts receivable. 19,000 21,000 Inventory 67.000 69.000 Total current assets 126.000 123.000 Property, plant, and equipment 358,000 339,000 Less accumulated depreciation 156,000 132.000 Net property, plant, and equipment 202.000 207.000 Total assets.. $328.000 $330.000 Liabilities and Stockholders' Equity Current liabilities: Accounts payable $ 18,000 $ 19.000 Accrued liabilities. 54,000 59,000 Income taxes payable 48.000 42.000 Total current liabilities 120,000 120,000 Bonds payable. 82.000 86.000 Total liabilities 202.000 206.000 Stockholders' equity Common stock 23.000 22.000 Retained eamings. 103.000 102.000 Total stockholders' equity. 126.000 124.000 Total liabilities and stockholders' equity $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 net cash provided by operating activities, $33,000 net cash provided by operating activities, $35,000 net cash provided by operating activities, $31,000 net cash provided by operating activities, $37,000 The net cash provided by (used by) financing activities is net cash provided by financing activities, $1,000 net cash used by financing activities, $1,000 net cash provided by financing activities, $7,000 net cash used by financing activities, $7,000

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