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payment of cash dividends

The comparative statement of financial position for Cullumber Retailers Ltd. follows: CULLUMBERRETAILERS LTD. Statement of Financial Position December 31 Assets 2021 Cash $ 0 Accounts receivable 76,000 Inventory 226,000 Furniture 135,000 Accumulated depreciation (40,000) Total assets $ 397,000 2020 $ 20,000 52,000 173,000 165,000 (50,000) $ 360,000 $ Liabilities and Shareholders' Equity Bankoverdraft Accounts payable Bank loan payable (noncurrent) Common shares Retained earnings Total liabilities and shareholders' equity 12,000 73.000 90.000 52,000 170,000 $ 397,000 0 50,000 105.000 62.000 143,000 $360,000 Question 1 of 4 11.05 / 15 mdisposal of furniture $ 6000 Ided by investing activities 6000 financing activities sf bank loan (15000) of common shares 1100001 ash dividends 112000) by financing activities enter a total amount for section three (37000) In cash 139000 1 20.000 December 31 HPODO eTextbook and Media Srl pot APA Referencing.pdf Admn 263 Resean.docx te to search o 9193 Assets Cash Accounts receivable Inventory Furniture Accumulated depreciation Total assets 2021 $ 0 76,000 226,000 135.000 (40,000 $ 397,000 2020 20.000 52.000 173,000 165.000 (50.000) $360,000 Liabilities and Shareholders Equity Bank overdraft Accounts payable Bank loan payable (noncurrent) Common shares Retained earnings Total liabilities and shareholders equity S 12.000 73.000 90,000 52.000 170,000 $397.000 $ 0 50.000 105,000 62,000 143.000 $360.000 Additional information regarding 2021 1 3 Niet income wres 22.000 Depreciation expenses $15.000 During the year the companyeld not receive any new, bank loans During the year, the company did not purchase furniture But did so some furniture for $6,000 which resulted in disposal of $2.000 She commonsters were issued during the outsourchased at the costatnich they are origina 5 Dhamana