1. Hohman Co. has the following items: net cash provided by operations ($115K), net cash used by investing ($200K), net cash provided by financing ($50K), beginning cash ($120K). What is the companys ending cash balance?

2. Hohman Co. has the following items: net cash provided by operations ($65K), net cash used by investing ($20K), beginning cash ($110K), ending cash ($122K). What is the net cash amount for financing activities?

3. For #2, is that amount a net cash provided or a net cash used?

4. Hohman Co. has the following items: net income ($420K), depreciation expense ($100K), amortization expense ($20K), gain on the sale of land ($30K), loss on the sale of equipment ($7K), increase in A/R ($33K), decrease in INV ($13K), decrease in A/P ($22K). What is the net cash amount for operations?

5. For #4, is that amount a net cash provided or a net cash used?

6. At year end, Hohman Co. has $568K of total revenues, $370K of total expenses, $80K of declared dividends. When preparing the December 31 journal entry to close the revenues, which account will be credited?

7. For #6, what is the balance in Income Summary just before closing this same account?

8. For #6, when closing dividends, which account will be debited?

9. For #6, assuming Hohman Co. has a beginning R/E balance of $125K, what will be the ending balance in R/E?

10. Hohman Co. has $246K in gross profit, $118K in operating income, and $104K in earnings before income taxes. What is the amount of SG&A expenses?