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Condensed financial data of Monopoly Corporation appear below:

A cash dividend was declared and paid in full to stockholders during the year.

Required:

Solve for the missing numbers. (Enter any deductions and cash outflows as a negative value.)

MONOPOLY CORPORATION Comparative Balance Sheet December 31 Current Year Prior Year Assets Cash $24,080 $16,800 Accounts receivable ? 31,200 Inventories ? 69,200 Prepaid rent 1,620 1,200 Property, plant, and equipment 212,000 192,000 Accumulated depreciation (50,200) (36,000) Total assets $307,100 $274,400 Liabilities and Stockholders' Equity Accounts payable $36,400 $33,200 Accrued Liabilities 10,000 11,200 Notes payable (long-term) 126,000 142,000 Contributed capital 42,000 21,000 Retained earnings 92,700 67,000 Total liabilities and stockholders' equity $307,100 $274,400

	MONOPOLY CORPORATION Income Statement Year Ended December 31 Sales $445,500 Expenses Cost of goods sold $282,000 Selling, general and administrative expenses 90,000 Depreciation expense ? Interest expense 8,200 Income taxes ? 410,600 Net income $34,900

MONOPOLY CORPORATION Cash Flow Statement Year End December 31 Cash flows from operating activities Net income $34,900 Adjustments to reconcile net income to net cash provided by operating activities: Depreciation 14,200 Change in current assets and current liabilities Accounts Receivable (3,200) Inventories $(16,000) Prepaid Rent ? Accounts Payable $3,200 Accrued Liabilities ? Net cash provided by (used in) operating activities ? Cash flows from investing activities Purchase of property, plant, and equipment (20,000) Net cash provided by (used for) investing activities (20,000) Financing activities Additional capital contributed by stockholders ? Payments on long-term debt (16,000) Payment of cash dividends ? Net cash provided by (used for) financing activities ? Increase in cash and cash equivalents 7,280 Cash and cash equivalents, beginning of period 16,800 Cash and cash equivalents, end of period $24,080

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