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Schleich Corporation's most recent balance sheet appears below: Schleich Corporation Comparative Balance Sheet Ending Balance...

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Accounting

Schleich Corporation's most recent balance sheet appears below: Schleich Corporation Comparative Balance Sheet Ending Balance Beginning Balance Assets: Cash and cash equivalents $ 52 $ 41 Accounts receivable 48 25 Inventory 62 87 Property, plant and equipment 764 565 Less: accumulated depreciation 315 284 Total assets $611 $434 Liabilities and stockholders' equity: Accounts payable $ 43 $ 59 Accrued liabilities 32 24 Income taxes payable 55 45 Bonds payable 142 158 Common stock 97 92 Retained earnings 242 56 Total liabilities and stockholders' equity $611 $434 Net income for the year was $380. Cash dividends were $72. The company did not sell or retire any property, plant, and equipment during the year. The net cash provided by (used in) operating activities for the year was: $415 $545 $35 $345

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