1. During 2020, ABC Corporation reported cash provided by operations of $171,000, cash used by investing activities of $108,000 and cash provided by financing activities of 90,000. The net sales totaled $460,000, net income $134,000, capital expenditures, $122,000 and dividend paid, $25,000. Calculate Free Cash flows. You must show computations to receive credit. 2. Selected transactions of ABC Corporation are listed below. Classify each transaction as either (a) an operating activity, (b) an investing activity, (c) a financing activity, or (d) a noncash investing and financing activity. 1. Accounts payable, in the amount of $1,500 are paid. 2. Bonds payable in of $50,000 are converted into common stock. 3. Cash dividends on common stock in the amount of $30,000 are declared and paid. 4. Equipment costing $60,000 is purchased by signing a 3-year, 10% note payable. 5. 50,000 shares of common stock with a $5 par value is sold for $100,000. 6. Interest receivable of $1,200 on a short-term note receivable is collected. 7. Land with a cost of $20,000 is sold for $25,000 cash. 8. Merchandise is sold for $30,000 to customers for cash. 9. 100 shares of XYZ common stock are purchased for $12,000 cash. 10. Bonds payable in the amount of $400,000 are issued at 97.