1. In the current year CDRN company sold land for $77000cash, purchased a delivery van for $24000 cash, and issued common stocks for $96000 cash. The net cash provided by investing activities is

A. $53,000

B. $149,000

C. $197,000

D. $173,000

2. In 2018, Celebration company repurchased its own stock at a cost of $57,000. During the year, the company purchased land with cash for $125,000 and issued bonds payable for $425,000. Net cash provided by financing activities for the year would have been

A. $368,000

B. $482,000

C. $607,000

D. 243,000

3. Carter HAVC system is preparing its statement of cash flows (indirect method) for the year ended March 2018. To follow, in no particular order, is a list of itemsthat will be used in preparing company's statement of cash flow. Identify each item as an operating activity additinon to net income; an operating activity subtraction from net income; an investing activity; a financing activity; or an activity that is not used to prepare cash flow statement.

a. increase in inventory

b. issuance of common stock

c. decrease in accrued liabilities

d. net income

e. decrease in prepaid expense

f. collection of cash from customers

g. purchase of equipment for cash

h. retained earnings

i. payment of dividends

j. increase in payable

k. decrease in accounts receivable

l. gain on sale of a building

m. loss on sale of land

n. depreciation expense