The net cash provided (used) by investing activities was     $(270000).   $(82000).   $(74000).   $50000.

FINANCIAL ACCOUNTING
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ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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The balance sheet data of Vaughn Manufacturing at the end of 2021 and 2020 follow:

 
2021
   
2020
 
Cash $ 102000     $ 141000  
Accounts receivable (net) 238000     181000  
Inventory 278000     180000  
Prepaid expenses 40000     100000  
Buildings and equipment 360000     302000  
Accumulated depreciation—buildings and equipment (73000 )   (30000 )
Land   361000       161000  
            Totals
$1306000
   
$1035000
 
           
Accounts payable   $271000     $221000  
Accrued expenses 46000     74000  
Notes payable—bank, long-term       167000  
Mortgage payable 122000        
Common stock, $10 par 833000     633000  
Retained earnings (deficit)     34000        (60000 )
 
$1306000
   
$1035000
 


Land was acquired for $200000 in exchange for common stock, par $200000, during the year; all equipment purchased was for cash. Equipment costing $24000 was sold for $8000; book value of the equipment was $17000 and the loss was reported as an ordinary item in net income. Cash dividends of $29000 were charged to retained earnings and paid during the year; the transfer of net income to retained earnings was the only other entry in the Retained Earnings account. In the statement of cash flows for the year ended December 31, 2021, for Vaughn Manufacturing:

The net cash provided (used) by investing activities was


 

 

$(270000).

 

$(82000).

 

$(74000).

 

$50000.
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