The company did not dispose of any property plant and

Reference no: EM13573174

Waldrop Corporation's comparative balance sheet appears below:

	Ending Balance	Beginning Balance
Asset:
Current assets:
Cash and cash equivalents	$51,400	$36,500
Accounts receivable	15,800	19,100
Inventory	70,800	74,100
Total current assets	138,000	129,700
Property, plant and equipment	352,000	327,000
Less accumulated depreciation	220,000	191,500
Net property, plant, and equipment	132,000	135,500
Total assets	$270,000	$265,200
Liabilities and stockholders' equity:
Current liabilities:
Accounts payable	$11,100	$9,800
Accrued liabilities	61,200	56,800
Income taxes payable	61,900	63,200
Total current liabilities	134,200	129,800
Bonds payable	80,800	83,200
Total liabilities	215,000	213,000
Stockholders' equity:
Common stock	39,500	41,500
Retained earnings	15,500	10,700
Total stockholders' equity	55,000	52,200
Total liabilities and stockholders' equity	$270,000	$265,200

The company did not dispose of any property, plant, and equipment during the year. Its net income for the year was $4,800. The net cash provided by operating activities is:

Reference no: EM13573174

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The company did not dispose of any property plant and

Reference no: EM13573174

Reference no: EM13573174

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