The following (partial) balance sheets are available for i-Bus, an electronic bus maker, on December
31, 2018.
Total current liabilities
Long-term debt
i-Bus
(Partial) Comparative Balance Sheets
Dec. 31, 2017
Dec. 31, 2018
$300,000
$400,000
600,000
700,000
Common stock
2,000,000
2,100,000
Retained Earnings
501,000
365,000
Total liabilities and stockholders' equity
3,401,000
3,565,000
Additional information is as follows:
• Dividends were declared and paid to common stockholders during 2018
• i-Bus borrowed $600,000 of a long-term bank loan during 2018.
• Income statements show a net income of $20,000
Determine cash flows from investing activities.
Increase by $44,000
Decrease by $544,000
None of other answer choices is correct
Increase by $200,000
