1. Su tpose that Morgan Corporation produced and sold 4,800 laptop computers during production at 4,800 laptops, Morgan invested in $8,800 in equipment Morgan pald $2,400 in dividends. What is Morgan's free cash flow? 2010. It reported cash 41000sh provided by operating activities. In order to maintain a. $232,400 b. $241,000 600 d. $230,000 c. $238, Powell's Courier Service 2. recorded a loss of $10,000 when it sold a van that originally cost $85,000 for $25,000. Accumulated depreciation a. $78,000. b. $24,000. c. $75,000. d. $60,000 on the van must have been e. None of the above. Karl Corporation was organized on January 2, 2018. During 2018, Karl issued 40,000 3. shares at $25 per share, purchased 5,000 shares of treasury stock at $30 per share, and had net income of $600,000. What is the total amount of stockholders' equity at December 31, 20187 a. $1,600,000 b. $1,750,000 C. $1,450,000 d. $1.440,000 e. None of the above 4. The following data is available for Blaine Corporation at December 31, 2018: Common stock, par $10 (authorized 30,000 shares) Treasury Stock (at cost $20 per share) $240,000 900 Based on the data, how many shares of common stock are outstanding? a. 24,000 b. 24,955 C. 29,940 d. 24,940 e. None of the above 5.The following data is available for Blaine Corporation at December 31, 2018: Common stock, par $25 (authorized 30,000 shares) Treasury Stock (at cost $15 per share) $250,000 $ 900 Based on the data, how many shares of common stock have been issued? a. 24,940 b. 25,000 c. 29,940 d. 24,955 e. None of the above