1.

The following events occurred last year at Dewhurst Company:

Purchase of plant and equipment	$69,000
Sale of long-term investment	$51,000
Dividends received on long-term investments	$25,500
Paid off bonds payable	$56,500
Depreciation expense	$26,000

Based on the above information, the cash provided (used) by investing activities for the year on the statement of cash flows would net to:

A) $(56,500)

B) ($26,000)

C) ($75,000)

D) ($18,000)

2.

Last year Burford Company's cash account decreased by $31,000. Net cash provided by investing activities was $8,600. Net cash used in financing activities was $29,000. On the statement of cash flows, the net cash flow provided by (used in) operating activities was:

	A) $20,400
	B)$(31,000)
	C) $(10,600)
	D) $(51,400)