Argyle Corporation has a net loss of $-76,400 in 2019.

A review of its accounts for 2019 reveals: Dividends declared and paid = $34,800

Depreciation Expense = $40,000 Increase in Accounts Payable = $20,000

Issuance (sale) of shares = $250,000 Retirement of Long Term Debt = $75,000

No other event took place in 2019 and no other account reports a genuine change in its balance except for Retained Earnings. Ignore tax implications.

Required 1: what is the amount of cash provided (used) by operating activities? $

Required 2: what is the amount of cash provided (used) by financing activities? $

Required 3: Assume the opening balance of Retained Earnings was $150,000, what is the ending balance at the end of Year 2019? $

Answer rating: 100% (QA)

To calculate the amount of cash provided used by operating activities financing activities and the e... View the full answer