Ware Company declared and paid $89,000 in cash dividends during the year. The Company's comparative balance sheet and income statement for last year appear below. No dispositions of plant and equipment occurred during the year. Question 19 12 points) Statement of Financial Position Ending Beginning Balance Balance 38,000 $23,000 Cash Accounts receivable. 31,000 39,000 Inventory s. 26.000 38.000 Prepaid 21,000 12,000 Long term investments 250,000 220,000 410.000 360.000 21,000 12,000 Prepaid expenses... 250,000 220,000 Long-term nvestments.. Plant and quipment.i 410,000 360,000 Accumulated depreciatior (262,000) (222,000) Total assetS $514,000 $470,000 Accounts payable. 75,000 $ 53,000 Accrued abilities.. Taxes payable Bonds payable Common stock 9.000 23,000 40,000 38,000 100.000 130,000 80,000 60,000 Retained carnins $75,000 $53,000 Accounts payable 9,000 23,000 40,000 38,000 rs100.000 130.000 Accrued liabiliti Taxes payable.... Bonds payable.o. Common st 80,000 60,000 Retained earnings... 210,000 166,000 Total liabilities and owners equity $514,000 $470,000 Income Statement Sales $990,000 Less cost of goods sold Gr 10,000 480.000 .$990,000 510,000 Less cost of goods sold Gross 480,000 margin Less operating expenses 290,000 Net operating 190,000 Less income taxes. 57,000 Net The net cash provded by (used in) investing activities last yoar was $133,000 $60,000 $60.000) 290,000 190,000 Net operating income.. 57,000 Less income taxes Net $133,000 The net cash provided by (used in) investing activities last year was: $60,000 160,000) $80,000 $(80.000) Question 20 (2 points) Ardor Company's n number of conmon or proferred shares outstanding during the year The company declared and paid dividends last year of $1.00 per share on the cominon stock and so 70 per share on et income last year was $500.000. The company has 150.000 shares of tock and 30 ,000 shares of preferred stock outstandins Thare was na change in the ock outstanding, There was no change in the