1. The following selected account balances were taken from Buckeye Company's general ledger at January 1, 2005 and December 31, 2005: January 1, 2005 December 31, 2005 Unearned revenue 12,000 20,000 Inventory 59,000 42,000 Accounts payable 40,000 51,000 Salaries payable 9,000 3,000 Investments 75,000 68,000 Accounts receivable 63,000 96,000 Land 58,000 88,000 Mortgage payable 120,000 95,000 Common stock 100,000 180,000 Retained earnings 22,000 35,000 The following information was taken from Buckeye Company's 2005 income statement: Sales revenue $420,000 Cost of goods sold 300,000 Salaries expense 88,000 Loss on sale of investments 6,000 Net income $ 26,000 Calculate the amount of cash paid to suppliers for purchases of inventory during 2005. Do not use decimals in your answer. 

2.

The following selected account balances were taken from Buckeye Company's general ledger at January 1, 2005 and December 31, 2005: January 1, 2005 December 31, 2005 Unearned revenue 12,000 20,000 Inventory 59,000 42,000 Accounts payable 40,000 51,000 Salaries payable 9,000 3,000 Investments 75,000 68,000 Accounts receivable 63,000 96,000 Land 58,000 88,000 Mortgage payable 120,000 95,000 Common stock 100,000 180,000 Retained earnings 22,000 35,000 The following information was taken from Buckeye Company's 2005 income statement: Sales revenue $420,000 Cost of goods sold 300,000 Salaries expense 88,000 Loss on sale of investments 6,000 Net income $ 26,000 Calculate the net cash flow from financing activities for 2005. If your answer is negative, place a minus sign in front of your answer with no spaces in between (e.g., -1234). Do not use decimals in your answer. 

3.

Identify the following transactions according to where they would be presented on the statement of cash flows. Enter the number corresponding to your answer in the box provided. Do not place a period after the number.

123	collection of accounts receivable from sales to customers
123	proceeds from the sale of common stock
123	proceeds from the sale of land
123	purchase of a copyright for cash

1.	operating activity
2.	investing activity
3.	financing activity