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Compute the change in cash that occurred in 2019

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Question: During 2019, the company sold for $17,000 cash old equipment that had cost $36,000 and had $19,000 accumulated depreciation. Also in 2019, new equipment worth $60,000 was acquired in exchange for $60,000 of bonds payable, and bonds payable of $120,000 were retired for cash at a loss. A $26,000 cash dividend was declared and paid in 2019. Any stock issuances were for cash. Compute the change in cash that occurred in 2019.

Reference no: EM133555193

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