amison Corp.'s balance sheet accounts as of December 31, 2021 and 2020 and information relating to 2021 activities are presented below. December 31, 2021 2020 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 2021 activities: • Net income for 2021 was $1,500,000. • Cash dividends of $600,000 were declared and paid in 2021. • Equipment costing $1,000,000 and having a carrying amount of $320,000 was sold in 2021 for $360,000. • A long-term investment was sold in 2021 for $320,000. There were no other transactions affecting long-term investments in 2021. • 20,000 shares of common stock were issued in 2021 for $25 a share. • Short-term investments consist of treasury bills maturing on 6/30/22. Net cash provided by Jamison's 2021 financing activities was
Jamison Corp.'s balance sheet accounts as of December 31, 2021 and 2020 and information relating to 2021 activities are presented below.
December 31,
2021 2020
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
Patent 180,000 200,000
Total assets $6,520,000 $4,320,000
Liabilities and
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 2021 activities:
• Net income for 2021 was $1,500,000.
• Cash dividends of $600,000 were declared and paid in 2021.
• Equipment costing $1,000,000 and having a carrying amount of $320,000 was sold in 2021
for $360,000.
• A long-term investment was sold in 2021 for $320,000. There were no other transactions affecting
long-term investments in 2021.
• 20,000 shares of common stock were issued in 2021 for $25 a share.
• Short-term investments consist of treasury bills maturing on 6/30/22.
Net cash provided by Jamison's 2021 financing activities was
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