1. Tripe H Enterprises reported $26,000 of cash from operating activities and the following data:

Depreciation	$45,000
Increase in accounts payable	12,000
Increase in wages payable	8,000
Increase in inventory	9,000
Decrease in taxes payable	2,000

Tripe H's net income/loss for the period was

a. 10,000 income

b. 54,000 loss

c. 28,000 loss

d. 8,000 loss

2. McKim reported a cash position of $35,000 and as of December 31, after its first year of operations. McKim also reported the following:

Net Income	$23,000
Depreciation Expense	$17,000
Gain on the sale of equipment	$5,000
Cash from operating activities	$42,000
Cash used in investing activities	$100,000

How much cash was provided through McKims financing activities?

a. $100,000

b. $93,000

c. $90,000

d. $0