1. Hohman Co. has the following items: purchased land ($30K), sold equipment ($50K), issued common stock ($100K), paid dividends ($20K), exchanged outstanding bonds payable for preferred stock ($65K). What is the amount of net cash for investing activities?

2. For #1, is that amount a net cash provided or a net cash used?

3. For #1, what is the amount of net cash for financing activities?

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

5. Hohman Co. has the following items: earnings before income taxes ($360K), discontinued items (loss of $200K, pre-tax), tax rate (30%), common shares outstanding (50K), and preferred dividends declared ($25K). What amount is income from continuing operations?

6. For #5, what amount is reported for the discontinued items?

7. For #5, what is net income?

8. For #5, what is the EPS amount (to the nearest penny) for income from continuing operations?

9. For #5, what is the EPS amount (to the nearest penny) for the discontinued items?

10. For #5, what is the EPS amount (to the nearest penny) for net income?