1) XYZ Corp. reported 60,000 of depreciation, $65,000 of interest expense, $75,000 in taxes, and $280,000 of net income on its most recent income statement. Accounts payable increased by $28,000 and inventories decreased by $21,500 on the year-end balance sheet compared to the previous year. What Cash Flow from Operating Activities did XYZ report on its most recent Statement of Cash Flows?

2) BSX Corp made its initial public offering (IPO) three years ago when it issued 1 million shares of common stock at $20 per share. BSX has not issued any additional shares of stock, nor has it repurchased any shares. BSX reported net income of $6 million, $20 million, and $34 million over the past three years and has paid a $5 per share dividend each of these past two years. What is the book value of equity for BSX? Assume BSX common stock is currently selling at $38 per share.