amison Corp.'s balance sheet accounts as of December 31, 2021 and 2020 and information relating to 2021 activities are presented below. December 31, 2021 2020 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 2021 activities: • Net income for 2021 was $1,500,000. • Cash dividends of $600,000 were declared and paid in 2021. • Equipment costing $1,000,000 and having a carrying amount of $320,000 was sold in 2021 for $360,000. • A long-term investment was sold in 2021 for $320,000. There were no other transactions affecting long-term investments in 2021. • 20,000 shares of common stock were issued in 2021 for $25 a share. • Short-term investments consist of treasury bills maturing on 6/30/22. Net cash provided by Jamison's 2021 financing activities was
Jamison Corp.'s
December 31,
2021 2020
Assets
Cash $ 440,000 $ 200,000
Short-term investments 600,000 —
Inventory 1,380,000 1,200,000
Long-term investments 400,000 600,000
Plant assets 3,400,000 2,000,000
Accumulated
Patent 180,000 200,000
Total assets $6,520,000 $4,320,000
Liabilities and
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 2021 activities:
• Net income for 2021 was $1,500,000.
• Cash dividends of $600,000 were declared and paid in 2021.
• Equipment costing $1,000,000 and having a carrying amount of $320,000 was sold in 2021
for $360,000.
• A long-term investment was sold in 2021 for $320,000. There were no other transactions affecting
long-term investments in 2021.
• 20,000 shares of common stock were issued in 2021 for $25 a share.
• Short-term investments consist of treasury bills maturing on 6/30/22.
Net cash provided by Jamison's 2021 financing activities was
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