Question: A comparative balance sheet for Crane Corporation is presented below. December 31 Assets 2020 2019 Cash $70720 $22880 Accounts receivable 85280 68640 Inventory 176800 196560

A comparative balance sheet for Crane Corporation is presented below.

December 31
Assets 2020 2019
Cash $70720 $22880
Accounts receivable 85280 68640
Inventory 176800 196560
Land 73840 114400
Equipment 291200 208000
Accumulated depreciationequipment (76960) (43680)
Total $620880 $566800
Liabilities and Stockholders Equity
Accounts payable $35360 $48880
Bonds payable 156000 208000
Common stock ($1 par) 170560 170560
Retained earnings 258960 139360
Total $620880 $566800

Additional information:

1. Net income for 2020 was $161200; there were no gains or losses.
2. Cash dividends of $41600 were declared and paid.
3. Bonds payable of $52000 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).)

1. Net cash provided by operating activities $
2. Net cash provided (used) by investing activities $
3. Net cash provided (used) by financing activities $

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