(Solved) The balance sheet for Blineberry Corporation follows:Ending balanceBeginning balanceAssets:Current a

The balance sheet for Blineberry Corporation follows:

   Ending balance   Beginning balance
Assets:
Current assets:
Cash and cash equivalents   $20,400   $12,200
Accounts receivable   $10,100   $8,400
Inventory   $39,700   $38,600
Total current assets   $70,200   $59,200
Property, plant, and equipment   $144,050   $135,500
Less accumulated depreciation   $102,300   $95,200
Net property, plant, and equipment   $41,750   $40,300
Total assets   $111,950   $99,500

Liabilities and stockholders' equity:
Current liabilities:
Accounts payable   $14,550   $9,500
Accrued salaries payable   $15,500   $12,100
Other accounts payable   $1,200   $6,300
Notes payable   $1,500   $7,500
Total current liabilities   $32,750   $35,400
Long-term debt   $34,900   $31,400
Deferred income taxes   $5,700   $3,200
Total long-term liabilities   $40,600   $34,600
Stockholders' equity:
Common stock   $26,300   $17,800
Retained earnings   $12,300   $11,700
Total stockholders' equity   $38,600   $29,500
Total liabilities and stockholders' equity   $111,950   $99,500

Operating income during the period was $18,000, while cash dividends paid were $17,400. The total sources of cash at Blineberry Corporation during the year was
A) $40,950.
B) $12,050.
C) $8,200.
D) $48,050.

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The balance sheet for Blineberry Corporation follows:Ending balanceBeginning balanceAssets:Current a

Managerial Accounting

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