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Worldwide Corp.'s statement of financial position accounts as of December 31, 2019 and 2018 and information relating to 2019 activities are presented below. December 31,

Worldwide Corp.'s statement of financial position accounts as of December 31, 2019 and 2018 and information relating to 2019 activities are presented below.

December 31,

2019

2018

Assets

Cash

$440,000

$160,000

Short-term investments

800,000

Accounts receivable (net)

1,130,000

1,230,000

Inventory

1,210,000

1,050,000

Long-term investments

400,000

600,000

Plant assets

3,100,000

2,000,000

Accumulated depreciation

(700,000)

(900,000)

Patent

280,000

300,000

Total assets

$6,660,000

$4,440,000

Liabilities and Equity

Accounts payable

$1,620,000

$1,330,000

Other accrued liabilities

200,000

250,000

Notes payable (nontrade)

560,000

Common Stock-$10 par

1,600,000

1,400,000

Additional paid-in capital

800,000

500,000

Retained earnings

1,880,000

960,000

Total liabilities and equity

$6,660,000

$4,440,000

Information relating to 2019 activities: Net income for 2019 was $1,250,000. This amount includes net sales revenue of $4,500,000 and cost of goods sold of $2,100,000. Equipment costing $1,000,000 and having a carrying amount of $320,000 was sold in 2019 for $360,000. A long-term investment was sold in 2019 for $345,000. There were no other transactions affecting long-term investments in 2019. 20,000 ordinary shares were issued in 2019 for $25 a share. Short-term investments consist of treasury bills maturing on 9/30/20. Compute net cash provided by operating activities.

$1,745,000

$3,470,000

$1,450,000

$2,595,000

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