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Walmouth Corporation's comparative balance sheet and income statement for last year appear below Comparative Balance Sheet Cash Accounts receivable Inventory Prepaid expenses Long-term investments Property,

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Walmouth Corporation's comparative balance sheet and income statement for last year appear below Comparative Balance Sheet Cash Accounts receivable Inventory Prepaid expenses Long-term investments Property, plant and equipment Less accumulated depreciation Total assets Accounts payable Accrued liabilities Income taxes payable Bonds payable Common stock Retained earnings Total liabilities and stockholders equity Ending Balance $40,000 89,000 48,000 8,000 250,000 550,000 264.000 $721.000 $58,000 5,000 55,000 100,000 50,000 343.000 Beginning Balance $32,000 79,000 55,000 11,000 210,000 550,000 239,000 $698,000 $46,000 19,000 1,000 160,000 140,000 292,00 $721.000 $698.000 Income Statement Sales Cost of goods sold Gross margin Selling and administrative expense Net operating income Income taxes Net income $870,000 450000 420,000 270.000 150,000 45.000 $105.000 The company declared and pod a cash dividend of $54.000 during the year The following questions pertain to the company's statement of cash flows ddnot purchase or dispose of any property plat and equpment teld issue ay bonds or repurchase ry of its own common stock The net cash provided by (used inj investing actvities last year was $30,000 ($30,000 O 540000) O $40000

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