Consider each of the following independent situations.
For each company, provide a brief discussion interpreting these financial data. For example, you might discuss the company’s financial health or its apparent growth philosophy.
1. The retained earnings statement of Lee Corporation shows dividends of $68,000, while net income for the year was $75,000.
2. The statement of cash flows for Steele Corporation shows that cash provided by operating activities was $10,000, cash used in investing activities was $110,000, and cash provided by financing activities was $130,000.
