03. a) Sleep Country began 2019 with accounts receivable, inventory, and prepaid expenses totalling $65,000. At the end of the year, Sleep Country had a total of $78,000 for these current assets. At the beginning of 2019, Sleep Country owed current liabilities of $42,000, and at year-end, current liabilities totalled $40,000. Net income for the year was $80,000. Included in net income were a $4,000 gain on the sale of land and depreciation expense of $9,000. Show how Sleep Country should report cash flows from operating activities for 2014. Sleep Country uses the indirect method. I b) Identify the effectsboth the direction and the dollar amount of the following assumed transactions on the total shareholders' equity of a large corporation Each transaction is independent. a) Declaration of cash dividends of $80 million b) Payment of the cash dividend declared c) 10% stock dividend. Before the dividend, 69 million common shares were outstanding: d) the market price was $7.625 at the time of the dividend. e) A 50% stock dividend. Before the dividend, 69 million common shares were outstanding: f) the market price was $13.75 at the time of the dividend. g) Sale of 600 common shares for $5.00 pet share h) A 3-for-1 stock split. Prior to the split, 69 million common shares were outstanding