1. (9 marks) Sales for the year are $42,000. Cash paid for operating expenses for the year are $26,000. A/R Prepaid expense Unearned revenue Accrued liabilities Beginning $6,000 1,640 Ending $4,400 2,480 800 1,200 250 1,000 Required: Determine the following: (a)CFO using the DRIECT method (5 marks), (b) the 1/S (4 marks) 2. (11 marks) Justin Company reported the following information at December 31, 2019: 2019 2018 Dividends payable $ 90 $ 40 Bank loan 1,200 1,000 C/S 1,400 900 R/E 1,200 800 Additional information: 1. The bank loan was increased by additional borrowings of $x to partially finance the acquisition of new equipment that cost $1,100, where x = 80% of the outstanding balance of the loan at the beginning of the current year. The bank loan was decreased by repayments. 2. C/S were issued during the year. 3. Dividends were paid during the year. 4. Nl for the year was $840. Required: Prepare the financing activities section of Justin's statement of cash flows for the year. 2019 is the current year