1. A company has an accounts receivable balance of $800,000 at year end and it estimates that uncollectible accounts will be 2% of accounts receivable. If Allowance for Doubtful Accounts has a credit balance of $1,000 prior to adjustment, its balance after adjustment will be a credit of

2. oy Elles Vegetable Market had the following transactions during 2020:

1. Issued $100,000 of par value ordinary shares for cash.

2. Repaid a 6 year note payable in the amount of $44,000.

3. Acquired land by issuing ordinary shares of par value $200,000.

4. Declared and paid a cash dividend of $4,000.

5. Sold a non-current investment (cost $84,000) for cash of $12,000.

6. Acquired an investment in IBM shares for cash of $24,000.

What is the net cash provided by investing activities?