Reference no: EM132489393
Jamison Corp.'s balance sheet accounts as of December 31, 2018 and 2017 and information relating to 2018 activities are presented below.
December 31, 2018 2017
Assets
Cash $ 440,000 $ 200,000
Short-term investments 600,000 -
Accounts receivable (net) 1,020,000 1,020,000
Inventory 1,380,000 1,200,000
Long-term investments 400,000 600,000
Plant assets 3,400,000 2,000,000
Accumulated depreciation (900,000) (900,000)
Patent 180,000 200,000
Total assets $6,520,000 $4,320,000
Liabilities and Stockholders' Equity
Accounts payable and accrued liabilities $1,660,000 $1,440,000
Notes payable (nontrade) 580,000 -
Common stock, $10 par 1,600,000 1,400,000
Additional paid-in capital 800,000 500,000
Retained earnings 1,880,000 980,000
Total liabilities and stockholders' equity $6,520,000 $4,320,000
Information relating to 2018 activities:
- Net income for 2018 was $1,500,000.
- Cash dividends of $600,000 were declared and paid in 2018.
- Equipment costing $1,000,000 and having a carrying amount of $320,000 was sold in 2018 for $360,000.
- A long-term investment was sold in 2018 for $320,000. There were no other transactions affecting long-term investments in 2018.
- 20,000 shares of common stock were issued in 2018 for $25 a share.
- Short-term investments consist of treasury bills maturing on 6/30/19.
Question 1. What is the Net cash provided by Jamison's 2018 in operating activities?
Question 2. What is the Net cash used in Jamison's 2018 in investing activities?
Question 3. What is the Net cash provided by Jamison's 2018 in financing activities?