1. At year end (December 31) Lindbergh Company has the following aging of accounts receivable: 0-30 days $10,000 31-60 days 5,000 Over 60 days 2.000 Lindbergh uses the following to estimate bad debt: 1% for 0-30 days, 5% for 31-60 days and 10% for over 60 days. If Lindbergh has a $300 credit balance in the Allowance for Doubtful Accounts prior to year-end, what is the adjusting entry at year-end? 2. How do you record a sale on account using perpetual inventory if a product was sold for $15 that cost $5? How do you record the return? 3. Lindbergh Company has sales revenue of $100,000, Cost of Goods Sold of $60,000 and expenses of $30,000. What is the Gross Profit %? 4. Net Income Cash paid to purchase equipment Cash received from customers Cash payment on principal of bank loan) Cash received from selling stock Cash proceeds from bank loan Cash from sale of land Cash paid for operating expenses Cash paid for Dividends $30,000 5,000 52,000 6,000 10,000 5,000 2,000 14,000 3,000 What is the cash provided (used) for financing activities? What is the cash provided (used) in operating activities? What is the cash provided (used) in investing activities? 5. What is the cash provided (used) by operating activities? I Net Income = $80,000 A/R decreased by $5,000 Inventory increased by $10,000 Depreciation expense = $7,000 Accounts Payable decreased by $3,000 6. Lindbergh company shows two years on their comparative income statement. Net Income for 2020 was $310,000 and for 2021 it was $335,000. The % change for a horizontal analysis would show an increase (decrease) of