1. Using the following financial data for Napsack Company, calculate the Cash Flow from Operating Activities using the indirect method. Net Income 10,000 Dividends paid=250 Decrease in Accounts receivable = 200 Purchase of equipment = 1,000 Depreciation expense = 120 Increase in inventory = 75 Increase in tax payable = 50 2. On December 31, 20x1, MC Construction entered into a major long-term construction contract with the following terms: Total contract price: $6,000,000 Total expected cost: $4,800,000 Construction is expected to take three years. Production costs and cash flows are as follows: Year Cost Incurred Cash Received $2,000,000 20x2 $1,800,000 20x3 $1,600,000 $2,000,000 20x4 $1,400,000 $2,000,000 $6,000,000 Total $4,800,000 A. Determine the revenue and profit for years 2002,2003,2004 using the percentage of completion method? 3. In 2015, Tommy company. sells products for $300,000 with payments of $150,000, $100,000, $ 50,000 due in 2015, 2016, 2017 respectively. The cost of the unit is $225,000 including installation, but company management is unsure of the total costs to provide agreed upon services which were included in the selling price. Determine the profit for years 2015,2016,2017 using the cost recovery method. (20 Points)