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The balance sheet data of Metlock Company at the end of 2025 and 2024 follow. Land was acquired fo ...
The balance sheet data of Metlock Company at the end of 2025 and 2024 follow. Land was acquired for $30,300 in exchange for common stock, par $30,300, during the year; all equipment purchased was for cash. Equipment costing $12,900 was sold for $3,000; book value of the equipment was $6,100. Cash dividends of $10,000 were declared and paid during the year. Compute net cash provided (used) by: (Show amounts that decrease cash flow with either a-sign e.g. -12,000 or in parenthesis e.g. (12,000).