1.What is the amount of the net increase or decrease in cash and cash equivalents that would be shown on the companys statement of cash flows?

2. What net income would the company include on its statement of cash flows?

3. How much depreciation would the company add to net income on its statement of cash flows?

4. (a.) If the company debited Accounts Receivable and credited Sales for $1,020,000 during the year, what is the total amount of credits recorded in Accounts Receivable during the year?

(b.) What does the amount of these credits represent?

5. (a.) What is the amount and direction (+ or ) of the accounts receivable adjustment to net income in the operating activities section of the statement of cash flows?

(b.) What does this adjustment represent?