1.

Whispering Winds Corp. had the following transactions during 2017: 1. Issued $230000 of par value common stock for cash. 2. Recorded and paid wages expense of $110400. 3. Acquired land by issuing common stock of par value $92000. 4. Declared and paid a cash dividend of $18400. 5. Sold a long-term investment (cost $5520) for cash of $5520. 6. Recorded cash sales of $736000. 7. Bought inventory for cash of $294400. 8. Acquired an investment in Zynga stock for cash of $38640. 9. Converted bonds payable to common stock in the amount of $920000. 10. Repaid a 6-year note payable in the amount of $404800. What is the net cash provided by operating activities?

a. $331200.

b.

$561200.

c.

$441600.

d.

$533600.

2.

During 2017, Nash's Trading Post, LLC sold equipment with a book value of $67200 for proceeds of $81200. The company purchased new equipment for $179200 by signing a long-term note payable. No other transactions impacted long-term asset accounts during 2017. The investing section of the statement of cash flows will report

a.	net cash outflows of $165200.

b.	net cash outflows of $98000.

c.	net cash inflows of $81200.

d.	net cash inflows of $14000.