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Comparative Balance Sheet Ending Balance Beginning Balance $ 34 65 $ 33 66 45 144...

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Accounting

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Comparative Balance Sheet Ending Balance Beginning Balance $ 34 65 $ 33 66 45 144 522 225 297 $ 441 43 142 470 258 212 $ 354 Assets: Current assets: Cash and cash equivalents Accounts receivable Inventory Total current assets Property, plant, and equipment Less accumulated depreciation Net property, plant, and equipment Total assets Liabilities and stockholders' equity: Current liabilities: Accounts payable Accrued liabilities Income taxes payable Total current liabilities Bonds payable Total liabilities Stockholders' equity: Common stock Retained earnings Total stockholders' equity Total liabilities and stockholders' equity $ 40 17 45 102 66 168 $ 44 16 49 109 60 169 41 232 273 $ 441 40 145 185 $ 354 Income Statement Sales Cost of goods sold Gross margin Selling and administrative expense Net operating income Gain on sale of plant and equipment Income before taxes Income taxes Net income $ 740 446 294 166 128 17 145 44 $ 101 Cash dividends were $14. The company sold equipment for $25 that was originally purchased for $14 and that had accumulated depreciation of 56. The net cash provided by (used in) investing activities for the year wps O $(41) O $41 O $25 $466)

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