1. Use the following information to calculate cash paid for salaries:

Salaries expense	$	179,000
Salaries payable, January 1		24,000
Salaries payable, December 31		14,000

Multiple Choice

• $179,000.

• $189,000.

• $169,000.

• $141,000.

• $155,000.

2. In preparing a company's statement of cash flows using the indirect method, the following information is available:

Net income	$	72,000
Accounts payable decreased by		28,000
Accounts receivable increased by		35,000
Inventories increased by		15,000
Depreciation expense		50,000

Net cash provided by operating activities was:

Multiple Choice

• $44,000.

• $70,000.

• $100,000.

• $130,000.

• $72,000.