Question: Jamison Corp.'s information relating to 2021 activities are presented below. - Net income for 2021 was $1,300,000. - Cash dividends of $400,000 were declared
Jamison Corp.'s information relating to 2021 activities are presented below. - Net income for 2021 was $1,300,000. - Cash dividends of $400,000 were declared and paid in 2021. - Equipment costing $1,000,000 and having a carrying amount of $320,000 was sold in 2021 for $360,000. - A long-term investment was sold in 2021 for $320,000. There were no other transactions affecting long-term investments in 2021. - 20,000 shares of common stock were issued in 2021 for $25 a share. - Short-term investments consist of treasury bills maturing on 6/30/22. Net cash provided by Jamison's 2021 investing activities was: $680,000. $1,720,000. $1,820,000. $1,680,000.
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