(1) Zoum Corporation had the following transactions during 2017 a. Issued $250,000 of par value common stock for cash. b. Recorded and paid wages expense of $120,000. c. Acquired land by issuing common stock of par value $100,000. d. Declared and paid a cash dividend of $20,000. 12-3 Chapter 12-Statement of Cash Flows e. Sold a long-term investment (cost $6,000) for cash of $6,000. f. Recorded cash sales of $800,000. g. Bought inventory for cash of $320,000. h. Acquired an investment in Zynga stock for cash of $42,000. i. Converted bonds payable to common stock in the amount of $1,000,000. j. Repaid a 6-year note payable in the amount of $440,000. What is the net cash provided by operating activities? a. $610,000. b. $580,000. ?. $480,000. d. $360,000. (2) APS Company issued 20,000 shares of $1 par common stock for $40 per share during 2017. The company paid dividends of $48,000 and issued long-term notes payable of $440,000 during the year. What amount of cash flows from financing activities will be reported on the statement of cash flows? a. $12,000 net cash inflow. b. $352,000 net cash inflow c. $705,000 net cash outflow. d. $1,192,000 net cash inflow