A comparative balance sheet for Cary Corporation is presente…
A comparative balance sheet for Cary Corporation is presented below. Assets 2020 2019 Cash 88,400 28,600 Accounts receivable 106,600 85,800 Inventory 221,000 245,700 Land 92,300 143,000 Equipment 364,000 260,000 Accumulated depreciation–equipment (96,200) (54,600) Total 776,100 708,500 Liabilities and Stockholders’ Equity Accounts payable 44,200 61,100 Bonds payable 195,000 260,000 Common stock ($1 par) 213,200 213,200 Retained earnings 323,700 174,200 Total 776,100 708,500 Additional information: Net income for 2020 was $201,500; there were no gains or losses. Cash dividends of $52,000 were declared and paid. Bonds payable of $65,000 were retired. Compute each of the following: (Show amounts that decrease cash flow with either a – sign e.g. -15,000 or in parenthesis e.g. (15,000). Round to the nearest dollar. Do NOT put a dollar sign ($) in your answer.) 1. Net cash provided by operating activities $ 2. Net cash provided (used) by investing activities $ 3. Net cash provided (used) by financing activities $