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(Answered) Use the following information to answer the question.


Use the following information to answer the question.
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Use the following information to answer the question.,

 

,

 

Ending // Beginning,

 

Balance // Balance,

 

,

 

Assets: ,

 

Cash and cash equivalents $43 // $35,

 

Accts. Receivable $53 // $59,

 

Inventory $73 // $69,

 

Plant & equipment $582 // $490,

 

Less accumulated depreciation (301) // (286),

 

Total assets $450 // $367,

 

,

 

Liabilities & stockholders' equity,

 

Accounts payable $57 // $48,

 

Wages payable $21 // $18,

 

Taxes payable $15 // $13,

 

,

 

Income Statement,

 

Sales - $893,

 

Cost of good sold - $587,

 

Gross margin - $306,

 

Selling and administrative - $189,

 

Expense - $117,

 

Net operating income - $35,

 

Income taxes - $82,

 

,

 

Question - The net cash provided by (used by) financing activities for the year was,

 

a. ($12),

 

b. $1,

 

c. ($18),

 

d. $5,

 


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