1. The following events occurred last year at Dorder Corporation:

Purchase of plant and equipment	$53,900
Sale of long-term investment	$32,100
Dividends received on long-term investments	$14,000
Paid off bonds payable	$34,000
Depreciation expense	$14,000

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

$(21,800)

$(34,000)

$(55,800)

$(14,000)

3.

McCorey Corporation recorded the following events last year:

Repurchase by the company of its own common stock	$45,000
Sale of long-term investment	$64,000
Interest paid to lenders	$17,500
Dividends paid to the company's shareholders	$74,000
Collection by McCorey of a loan made to another company	$50,000
Payment of taxes to governmental bodies	$27,500

On the statement of cash flows, some of these events are classified as operating activities, some are classified as investing activities, and some are classified as financing activities.

Based solely on the information above, the net cash provided by (used in) investing activities on the statement of cash flows would be:

$(22,500)

$(6,500)

$40,000

$114,000

4. Financial statements of Rukavina Corporation follow:

Rukavina Corporation Comparative Balance Sheet
	Ending Balance	Beginning Balance
Assets:
Cash and cash equivalents	$23	$20
Accounts receivable	80	71
Inventory	33	30
Property, plant and equipment	513	470
Less: accumulated depreciation	324	298
Total assets	$325	$293
Liabilities and stockholders' equity:
Accounts payable	$39	$50
Bonds payable	90	100
Common stock	75	71
Retained earnings	121	72
Total liabilities and stockholders' equity	$325	$293

Income Statement
Sales	$700
Cost of goods sold	455
Gross margin	245
Selling and administrative expenses	154
Net operating income	91
Income taxes	32
Net income	$59

Cash dividends were $10. The company did not dispose of any property, plant, and equipment. It did not issue any bonds payable or repurchase any of its own common stock. The following questions pertain to the company's statement of cash flows.

The net cash provided by (used in) investing activities for the year was:

$(10)

$(43)

$4

$(10)