1. Metlock Company's accounts receivable arising from sales to customers amounted to $134000 and $118000 at the beginning and end of the year, respectively. Income reported on the income statement for the year was $512000. Exclusive of the effect of other adjustments, the cash flows from operating activities to be reported on the statement of cash flows is

$630000.

$528000.

$496000.

$512000.

2. Outstanding stock of the Marigold Corporation included 32000 shares of $5 par common stock and 9000 shares of 5%, $10 par non-cumulative preferred stock. In 2019, Marigold declared and paid dividends of $4800. In 2020, Marigold declared and paid dividends of $16000. How much of the 2020 dividend was distributed to preferred shareholders?

$9300.

$13500.

$4500.

None of these answer choices are correct.

3.

The following data is available for Nash's Trading Post, LLC at December 31, 2020:

Common stock, par $10 (authorized 25000 shares)	$175000
Treasury stock (at cost $15 per share)	$750

Based on the data, how many shares of common stock are outstanding?

17500.

25000.

17450.

19950.