(Solved) Hirshberg Corporation's comparative balance sheet appears below:Comparative Balance SheetEnding ...

Hirshberg Corporation's comparative balance sheet appears below:

	Ending Balance	Beginning Balance
Comparative Balance Sheet
Assets:
Current assets:
Cash and cash equivalents	$ 60,000	$ 40,000
Accounts receivable	34,000	40,000
Inventory	76,000	70,000
Total current assets	170,000	150,000
Property, plant, and equipment	380,000	350,000
Less accumulated depreciation	202,000	170,000
Net property, plant, and equipment	178,000	180,000
Total assets	$ 348,000	$ 330,000
Liabilities and stockholders' equity:
Current liabilities:
Accounts payable	$ 36,000	$ 31,000
Accrued liabilities	80,500	70,000
Income taxes payable	64,000	60,000
Total current liabilities	180,500	161,000
Bonds payable	62,000	90,000
Total liabilities	242,500	251,000
Stockholders’ equity:
Common stock	48,100	51,000
Retained earnings	57,400	28,000
Total stockholders’ equity	105,500	79,000
Total liabilities and stockholders' equity	$ 348,000	$ 330,000

The company's net income for the year was $36,000 and its cash dividends were $6,600. It did not sell or retire any property, plant, and equipment during the year.

The company's net cash provided by (used in) investing activities is:v: 02_23_2016_QC_CS-43371

▸ $62,000

▸ $(2,000)

▸ $38,000

▸ $(30,000)

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Hirshberg Corporation's comparative balance sheet appears below:Comparative Balance SheetEnding ...

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