Please do not give solution in image format thanku The balance sheet data of Crane Company at the end of 2020 and 2019 are shown below.Cash'Accounts receivable (net)InventoryPrepaid expensesEquipmentAccumulated depreciation-equipmentLandAccounts payableAccrued expenses2020$29,80054,50065,50014,90089,200(17,840 )70,300$306,360$65,00015,1002019$35,30045,10045,400.24,900 475,200(8,100 )40,000$257,800$52,10017,900 Accounts payableAccrued expensesNotes payable-bank, long-termBonds payableCommon stock, $10 parRetained earnings$65,00015,100(a)(b)-0-used29,900used188,4007,960(a) Net Cash provided by operating activities.$306,360Net Cash provided by operating activities. $Net Cash(c) Net CashLand was acquired for $30,300 in exchange for common stock, par $30,300, during the year; all equipment purchased was for cash.Equipment costing $12.900 was sold for $2,900; book value of the equipment was $6,100. Cash dividends of $9,900 were declaredand paid during the year.Compute net cash provided (used) by: (Show amounts that decrease cash flow with either a-sign eg.-12.000 or in parenthesis eg (12,000))by investing activities. $$52,100by financing activities, $17,900$23,300Land was acquired for $30,300 in exchange for common stock, par $30,300, during the year, all equipment purchased was for cashEquipment costing $12,900 was sold for $2,900; book value of the equipment was $6.100. Cash dividends of $9.900 were declaredand paid during the year.Compute net cash provided (used) by: (Show amounts that decrease cash flow with either a-sign eg.-12,000 or in parenthesis eg. (12.0001)-0-158,1006,400$257,80044

Cash flow statement is the financial statement that records all the cash inflow and cash outflow…

The balance sheet data of Crane Company at the end of 2020 and 2019 are shown below. Cash' Accounts receivable (net) Inventory Prepaid expenses Equipment Accumulated depreciation-equipment Land Accounts payable 2020 $29,800 54,500 65,500 14,900 89,200 (17,840) 70,300 $306,360 $65,000 15.100 2019 $35,300 45,100 45,400 24,900 4 75,200 (8,100 ) 40,000 $257,800 $52,100 17.900

The balance sheet data of Crane Company at the end of 2020 and 2019 are shown below. Cash' Accounts receivable (net) Inventory Prepaid expenses Equipment Accumulated depreciation-equipment Land Accounts payable 2020 $29,800 54,500 65,500 14,900 89,200 (17,840) 70,300 $306,360 $65,000 15.100 2019 $35,300 45,100 45,400 24,900 4 75,200 (8,100 ) 40,000 $257,800 $52,100 17.900

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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