XYZ Company Balance Sheet December 31, 20X2 Dec. 31, 20X2 Dec. 31, 20X1 Inc./Dec. Cash 25,000 22,000 3,000 Accounts Receivable 10,000 20,000 Inventories Investments 30,000 23,000 15,000 60,000 88,000 19,000 40,000 0 4,000 (25,000) 60,000 34,000 54,000 Land Equipment Accumulated depreciation- Equipment (8,000) 3,000 (5,000) 140,000 233,000 18,000 Accounts payable Accrued expenses Dividends payable 16,000 20,000 25,000 120,000 3,000 14,000 80,000 (2,000) 17,000 11,000 40,000 Common stock 20,000 15,000 5,000 Paid-in capital in excess of par Retained earnings 32,000 10,000 22,000 233.000 140,000 a. The investments were sold for $24,000 cash. b. Equipment and land were acquired for cash. c. There were no disposals of equipment during the year. d. The common stock was issued for cash. e. There was a $50,000 credit to Retained Earnings for net income. f. There was a $28,000 debit to Retained Earnings for cash dividends declared. STATELET CF CASH ROYAL dowe AM Nek home ed Dedad: Ne cash flow from operating atas Cash flow from Investing Active Ordut Nutcash flumom Cashflows from Financing Actives hed $ Det Nooth whom G acres orden ch Castatthet widiolar