(Cash Provided by Operating, Investing, and Financing Activities) The balance sheet data of Wyeth Company at the end of 2012 and 2011 are shown on page 1488.
|
2012 |
2011 |
|
|
Cash |
$ 30,000 |
$ 35,000 |
|
Accounts receivable (net) |
55,000 |
45,000 |
|
Inventory |
65,000 |
45,000 |
|
Prepaid expenses |
15,000 |
25,000 |
|
Equipment |
90,000 |
75,000 |
|
Accumulated depreciation—equipment |
(18,000) |
(8,000) |
|
Land |
70,000 |
40,000 |
|
$307,000 |
$257,000 |
|
|
Accounts payable |
$ 65,000 |
$ 52,000 |
|
Accrued expenses |
15,000 |
18,000 |
|
Notes payable—bank, long-term |
–0– |
23,000 |
|
Bonds payable |
30,000 |
–0– |
|
Common stock, $10 par |
189,000 |
159,000 |
|
Retained earnings |
8,000 |
5,000 |
|
$307,000 |
$257,000 |
Land was acquired for $30,000 in exchange for common stock, par $30,000, during the year; all equipment purchased was for cash. Equipment costing $13,000 was sold for $3,000; book value of the equipment was $6,000. Cash dividends of $9,000 were declared and paid during the year.
Instructions
Compute net cash provided (used) by:
(a) Operating activities.
(b) Investing activities.
(c) Financing activities.