1) Volutia Corporation's comparative financial statements included the following amounts for the current year:

Depreciation expense

$102,000

Loss on sale of fixed assets

38,000

Decrease in fixed assets

155,000

Increase in accounts receivable

37,000

Decrease in accounts payable

42,000

Decrease in inventory

71,000

Increase in taxes payable

19,000

Net income

72,000

Compute net cash provided by operating activities using the indirect method.

A) $223,000

B) $22,000

C) $185,000

D) $68,000

5) Ralirali Corporation's financial statements included the following amounts for the current year:

Issued new shares of preferred stock

$98,000

Loaned cash to key supplier

24,000

Bought new delivery truck for cash

59,000

Proceeds from the sale of used production machinery

29,000

Sold treasury stock

31,000

Based on this information, what is the amount of net cash provided (used) by investing activities?

A) $30,000 net inflow

B) $54,000 net inflow

C) $54,000 net outflow

D) $5,000 net outflow