1.

Bay Inc. reported unrealized losses of $800 on its Available-for-Sale debt securities, and unrealized gains of $200 on its Equity securities in Katz Inc. Bay does not have significant influence over Katz. Bay's net income is $13,000. What are the net operating cash flows of Bay under the indirect method?

2.

Bay Inc. reported net income of $74,500. The beginning and ending balances in Retained Earnings and Dividends Payable accounts are as follow:

Retained Earnings

Beginning : $831,000

Ending: $865,000

Dividends Payable

Beginning : $3,400

Ending: $12,560

What are the net cash flows in financing activities?

A. net outflow of $31,340

B. $0

C. net outflow of $9,160

D. net outflow of $40,500

3.

Bay Inc. sold a patent for cash. The patent was originally acquired for $64,500, and the accumulated amortization as of the date of sale was $37,200. The loss on the sale was $1,700. What is the amount of cash received on the sale?