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Walmouth Corporation's comparative balance sheet and income statement for last year appear below: Comparative Balance Sheet Ending Beginning Balance Balance Accounts receivable.. Inventory.... Prepaid expenses

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Walmouth Corporation's comparative balance sheet and income statement for last year appear below: Comparative Balance Sheet Ending Beginning Balance Balance Accounts receivable.. Inventory.... Prepaid expenses Long-term investments... Property, plant and equipment $40,000 $32,000 79,000 55,000 11,000 250,000 210,000 550,000 550,000 264.000 239,000 $721,000 $698,000 89,000 48,000 8,000 Total assets.... Accounts payable Accrued liabilities 46,000 19,000 41,000 100,000 160,000 150,000 140,000 343,000 292,000 $721,000 $698,000 $58,000 15,000 55,000 Retained eanings. Total liabilities and stockholders' equity Income Statement Sales Cost of goods sold. Gross margin.... Selling and administrative expense. Net operating income .. Income taxes $870,000 450,000 420,000 150,000 45.000 S105.000 The company declared and paid a cash dividend of $54,000 during the year. It did not purchase or dispose of any property, plant, and equipment. It did not issue any bonds or repurchase any of its own common stock. The following question pertain to the company's statement of cash flows The net cash provided by (used in) financing activities last year was: o $(104,000) o $60,000 O $104,000 O $(60,000)

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