The balance sheet data of Pina Company at the end of 2025 and 2024 follow. 2025 2024 Cash $29,900 $35,300 Accounts receivable (net) 54,900 45,300 Inventory 64,400 45,400 Prepaid expenses 15,000 25,100 Equipment 90,900 75,200 Accumulated depreciation-equipment (18,180) (8,100) Land 70,600 40,200 $307,520 $258,400 Accounts payable $65,000 $52,200 Accrued expenses 14,800 17,800 Notes payable-bank, long-term -0- 22,700 Bonds payable 30,200 <-0- Common stock, $10 par 187,900 157,500 Retained earnings 9,620 8,200 $307,520 $258,400 Land was acquired for $30,400 in exchange for common stock, par $30,400, during the year; all equipment purchased was for cash. Equipment costing $13,000 was sold for $3,100; book value of the equipment was $6,000. Cash dividends of $10,000 were declared and paid during the year. Compute net cash provided (used) by: (Show amounts that decrease cash flow with either a - sign e.g. -12,000 or in parenthesis e.g. (12,000).) a. Net Cash by operating activities. $ b. Net Cash by investing activities. $ C Net Cash by financing activities. $

FINANCIAL ACCOUNTING
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ISBN:9781259964947
Author:Libby
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Chapter1: Financial Statements And Business Decisions
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The balance sheet data of Pina Company at the end of 2025 and 2024 follow.
2025
2024
Cash
$29,900
$35,300
Accounts receivable (net)
54,900
45,300
Inventory
64,400
45,400
Prepaid expenses
15,000
25,100
Equipment
90,900
75,200
Accumulated depreciatich-equipment
(18,180)
(8,100)
Land
70,600
40,200
$307,520 $258,400
Accounts payable
$65,000 $52,200
Accrued expenses
14,800
17,800
Notes payable-bank, long-term
-0-
22,700
Bonds payable
30,200
-0-
Common stock, $10 par
187,900
157,500
Retained earnings
9,620
8,200
$307,520
$258,400
Land was acquired for $30,400 in exchange for common stock, par $30,400, during the year; all equipment purchased
was for cash. Equipment costing $13,000 was sold for $3,100; book value of the equipment was $6,000. Cash dividends
of $10,000 were declared and paid during the year.
Compute net cash provided (used) by: (Show amounts that decrease cash flow with either a - sign e.g.
-12,000 or in parenthesis e.g. (12,000).)
a.
Net Cash
by operating activities.
$
b.
Net Cash
by investing activities.
$
C.
Net Cash
by financing activities.
$
Transcribed Image Text:The balance sheet data of Pina Company at the end of 2025 and 2024 follow. 2025 2024 Cash $29,900 $35,300 Accounts receivable (net) 54,900 45,300 Inventory 64,400 45,400 Prepaid expenses 15,000 25,100 Equipment 90,900 75,200 Accumulated depreciatich-equipment (18,180) (8,100) Land 70,600 40,200 $307,520 $258,400 Accounts payable $65,000 $52,200 Accrued expenses 14,800 17,800 Notes payable-bank, long-term -0- 22,700 Bonds payable 30,200 -0- Common stock, $10 par 187,900 157,500 Retained earnings 9,620 8,200 $307,520 $258,400 Land was acquired for $30,400 in exchange for common stock, par $30,400, during the year; all equipment purchased was for cash. Equipment costing $13,000 was sold for $3,100; book value of the equipment was $6,000. Cash dividends of $10,000 were declared and paid during the year. Compute net cash provided (used) by: (Show amounts that decrease cash flow with either a - sign e.g. -12,000 or in parenthesis e.g. (12,000).) a. Net Cash by operating activities. $ b. Net Cash by investing activities. $ C. Net Cash by financing activities. $
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