1. Tax value for the year 2017 is: *

a. $0

b. 40%

c. $388,400

d. $431,465

2. The net income for the year 2018 was: *

a. $647,197

b. $582,600

c. $971,000

d. $625,000

3. Accumulated depreciation for the year 2018 was: *

a. $31,038

b. $10,000

c. $165,030

d. 133,992

4. The retained earnings for the year 2018 is. knowing that the paid dividends in the year 2018 was $527,197 *

a. $100,000

b. $747,197

c. $120,000

d. $220,000

5. The cost of goods sold in 2018 was of sales *

a. 64.01%

b. 63.33%

c. 100%

d. 36.67%

6. Net fixed assets in 2018 wasof total assets *

a. 24.37%

b. 34.69%

c. 34.35%

d. 24.12%

7. Total Cash Flows from operating activities in 2018 was *

a. -$527,197

b. $657,257

c. 465,121

d. $527,197

8. Cash flows from Investing activities in 2018 was *

a. -$105,000

b. $105,000

c. $-73,962

d. $73,962

9. Cash Flows from Financing activities in 2018 was *

a. $100,000

b. $427,197

c. -$427,197

d. $5,00

10. Net change in Cash Balance in 2018 was *

a. $5000

b. -$5000

c. $60,000

d. $55,000

Use the below given incomplete income statement and balance sheets for UPO Corporation in order to solve this problem. UPO Corporation Ltd Income Statement For the Year Ended Dec 31, 2017 2018 2017 4.500.000 4,000,000 2.850.000 2.564,000 Sales Cost of Goods Sold Gross Profit Selling and G&A Expenses Fixed Expenses Depreciation Expanse EBIT Interest Expense Earnings Before Tex Taxes Net Income 330,300 250,000 150,000 150,000 31,038 10,000 60,000 55,000 Notes: Tax Rate 2018 2012 55,000 60,000 365,030 300,000 790,000 633 992 555,000 450,000 133.992 UPO Corporation Ltd Balance Sheet As of Dec. 31,2018 Asset Cash and Equivalent Accounts Receivable Inventory Total Current Assets Plant & Equipment Accumulated Depreciation Net Fixed Assets Total Assets Liabilities and Owner's Equity Accounts Payable Short-tem Notes Payable Other Curent Liabilities Total Curer Liabilities Long-term Debt Total Liabilities Common Stock Retained Eaming Total Shareholder': Equity Total Liabilities and Owner's Equity 190,000 140,000 90,000 90,000 100.000 80,000 500,000 400,000 500,000 500,000 100,000