Question
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.
Group of answer choices
$1,745,000
$3,470,000
$1,450,000
$2,595,000
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