the differences in beal inc rsquo s balance sheet accounts at december 31 2006 and 2 605517

Items 1 through 3 are based on the following:

The differences in Beal Inc.’s balance sheet accounts at December 31, 2006 and 2005, are presented below.

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	Increase (Decrease)
Assets
Cash and cash equivalents	$ 120,000
Available-for-sale securities	300,000
Accounts receivable, net	—
Inventory	80,000
Long-term investments	(100,000)
Plant assets	700,000
Accumulated depreciation	—
	$1,100,000
Liabilities and Stockholders’ Equity
Accounts payable and accrued liabilities	$ (5,000)
Dividends payable	160,000
Short-term bank debt	325,000
Long-term debt	110,000
Common stock, $10 par	100,000
Additional paid-in capital	120,000
Retained earnings	290,000
	$1,100,000

The following additional information relates to 2006:

Net income was $790,000.
Cash dividends of $500,000 were declared.
Building costing $600,000 and having a carrying amount of $350,000 was sold for $350,000.
Equipment costing $110,000 was acquired through issuance of long-term debt.
A long-term investment was sold for $135,000. There were no other transactions affecting long-term investments.
10,000 shares of common stock were issued for $22 a share.

In Beal’s 2006 statement of cash flows,

Net cash provided by operating activities was

Net cash used in investing activities was

Net cash provided by financing activities was