1. Hilton Company reported net income of $50,000 for the year. During the year, accounts receivable decreased by $15,000, accounts payable decreased by $2,000 and depreciation expense for the year of $9,000 was recorded. Net cash provided by operating activities for the year is:

2. Land costing $75,000 was sold for $115,000 cash. The gain on the sale was reported on the income statement as other income. In addition, a building worth $400,000 was acquired by borrowing the money on a mortgage. On the statement of cash flows, what is the total amount that should be reported as cash flows from investing activities? 3. Weaver Company purchased treasury stock with a cost of $20,000 during 2010. During the year, the company paid dividends of $6,000 and issued bonds payable for proceeds of $500,000. What is the net Cash inflow OR outflow from financing activities for 2010 total: