Question

2. Ancy corporation’s balance sheet accounts as of December 31, 2017 and 2016 and information relating to 2015 activities are presented below.

					December 31,
					2017	2016
Assets
Cash					$   440,000	$   200,000
Short-term investments					600,000	—
Accounts receivable (net)					1,020,000	1,020,000
Inventory					1,380,000	1,200,000
Long-term investments					400,000	600,000
Plant assets					3,400,000	2,000,000
Accumulated depreciation					(900,000)	(900,000)
Patent					180,000	200,000
	Total assets				$6,520,000	$4,320,000
Liabilities and Stockholders' Equity Accounts payable and accrued liabilities					$1,660,000	$1,440,000
Notes payable (nontrade)					580,000	—
Common stock, $10 par					1,600,000	1,400,000
Additional paid-in capital					800,000	500,000
Retained earnings					1,880,000	980,000
		Total liabilities and stockholders' equity			$6,520,000	$4,320,000

Information relating to 2017 activities:

• Net income for 2017 was $1,300,000.

• Cash dividends of $400,000 were declared and paid in 2017.

• Equipment costing $1,000,000 and having a carrying amount of $320,000 was sold in 2017 for $360,000.

• A long-term investment was sold in 2017 for $320,000. There were no other transactions affecting long-term investments in 2017.

• 20,000 shares of common stock were issued in 2017 for $25 a share.

• Short-term investments consist of treasury bills maturing on 6/30/18.

Find

Net cash from operating activities

Net cash provided from investing activities, and

Net cash provided by financing activities

Answer 1