Question: Illies Corporation's comparative balance sheet appears belowc table [ [ Comparative Balance Sheet ] , [ , Ending Balance,Beginning Balance ] , [ Current

Illies Corporation's comparative balance sheet appears belowc
\table[[Comparative Balance Sheet],[,Ending Balance,Beginning Balance],[Current assets:],[],[Accounts receivable,33,800,36,400],[Inventory,81,000,84,400],[Total current assets,168,000,167,800],[Property, plant, and equipment,480,200,367,200],[Less accumulated depreciation,184,000,146,000],[Net property, plant, and equipment,216,800,221,000],[Total assets,$ 384,000,$ 388,800],[Current liabilities:],[],[Accounts payable,$ 32,6ee,$ 34,400],[,68,600,74,400],[Income taxes payable,54,800,56,800],[Total current liabilities,164,800,164,800],[Bonds payable,96,000,107,800],[Total liabilities,260,890,271,880],[Stockholders' equity:,,],[Common stock,44,800,36,900],[Retained earnings,79,200,81,000],[Total stockhotders' equity,123,200,117,000]]\table[[,64,800,56,000],[Income taxes payable,164,800,164,800],[Total current liabilities,96,800,107,000],[Bonds payable,260,880,271,800],[\table[[Stockholders' equity:],[44,800],[36,000]]],[],[Common stock,79,200,81,000],[Retained earnings,123,200,117,000],[Total stockholders' equity,$ 384,000,$ 388,800]]
The company did not dispose of any propent, plant, and equipment during the yeac. Is net income for the year was $3,200 and its cash dividends were $5,000. The company did not issue any bonds payable or purchase any of its own common stock during the year tes net cash provided by fased inf coeriating acsivities and net cash provided by (used in) financing activaties are:
Mypile Choice
ret eash provided by fosed inf operating activites, $48.000, net cauh provided by fised ing financing activitien, $$1000$net cash provided by (used in) operating activities, $48,000; net cash provided by (used in) financing activities, $(8,000)
net cash provided by (used in) operating activities, $51,400; net cash provided by (used in) financing activities, $(8,000)
net cash provided by (used in) operating activities, $51,400; net cash provided by (used in) financing activities, $(8,000)
net cash provided by (used in) operating activities, $48,000; net cash provided by (used in) financing activities, $18,000)
Illies Corporation's comparative balance sheet

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!