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Exercise 23-16 Your answer is partially correct. Try again. The balance sheet data of Teal Company at the end of 2017 and 2016 are shown below. 2016 Cash Accounts receivable (net) Inventory Prepaid expenses Equipment Accumulated depreciation-equipment Land 2017 $29,900 54,900 64,400 15,000 90,900 (18,180 ) 70,600 $307,520 $35,300 45,300 45,400 25,100 75,200 (8,100 ) 40,200 $258,400 Accounts payable Accrued expenses Notes payable-bank, long-term Bonds payable Common stock, $10 par Retained earnings $65,000 14,800 -0- 30,200 187,900 9,620 $307,520 $52,200 17,800 22,700 -0- 157,500 8,200 $258,400 Land was acquired for $30,400 in exchange for common stock, par $30,400, during the year; all equipment purchased was for cash. Equipment costing $13,000 was sold for $3,100; book value of the equipment was $6,000. Cash dividends of $10,000 were declared and paid during the year. Land was acquired for $30,400 in exchange for common stock, par $30,400, during the year; all equipment purchased was for cash. Equipment costing $13,000 was sold for $3,100; book value of the equipment was $6,000. 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).) (a) Net Cach provided Jby operating activities. $ 19,800 -22700 Net Cash used Jby investing activities. -22700 su (C) Match used by financing activities. $ -2500 Click if you would like to Show Work for this question: Open Show Work

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