1) (5 points total) Buffalo Corp's Balance Sheet and Income Statement are provided below, as well as some additional information. Buffalo Corp is a US-based company and reports under US GAAP. 68,000 Balance Sheet on December 31 Assets Cash Accounts Receivable Prepaid Expenses Inventory Long-Term Investments Property and Equipment Less: Accumulated Depreciation 2019 2018 45,000 42,000 65,000 13,000 10,000 63,000 53,000 75,000 60,000 235,000 180,000 80,000 50,000 Net Property and Equipment 155,000 130,000 Goodwill 25,000 25,000 Total Assets 441,000 388,000 Liabilities and Shareholder's Equity Accounts Payable Salaries Payable Interest Payable Long-Term Debt Contributed Capital Retained Earnings Total Liabilities and Shareholders' Equity 22,000 46,000 2,000 194,000 120,000 57,000 21,000 64,000 5,000 154,000 85,000 59,000 441,000 388,000 Income Statement for the Year Ending December 31, 2019 705,000 Sales (420,000) Cost of Products Salary Expense (120,000) Other Expenses (14,000) Depreciation Expense (30,000) Loss on Sale of Investments (5,000) Interest Expense (14,000) Income Before Income Taxes 102,000 Income Tax Expense (30,600) Net income 71,400 Additional Information All sales were made on credit. All inventory was purchased on account, comprising the entire accounts payable balance. Buffalo Corp purchased $50,000 worth of long-term investments with cash. They also sold some investments for cash. All dividends declared during the year were paid in cash. Buffalo Corp received cash for all new stock issued during the year. Buffalo Corp did not repay any long-term debt. Buffalo Corp purchased a property by issuing a long-term note for $40,000 and paying the rest in cash. No property or equipment was sold. . a) (2 points) Provide Buffalo Corp's Cash Flow from Operations Section using the Indirect Method. Include the line items ending with the Net Cash Flow from Operations. WoHnog ) b b) (1 point) Provide the Cash Flow from Investing section of Buffalo Corp's Cash Flow Statement. Include the line items ending with Net Cash Flow from Investing. c) (1 point) Calculate the value Buffalo Corp would report for Cash Paid to Suppliers fi.e., cash paid for inventory) using the Direct Method. (Note: You are not required to calculate the entire CFO section using the direct method). Only a single value is required, but you may show your work for potential partial credit. d) (1 point) How much did Buffalo Corp pay in dividends during the year