15. One division of Mustang Company produces and sells popsicles designed for horses. While demand for the popsicles bas consistently increased over the years, the cost of personnel assigned to this department has increased much more than the increase in sales would warrant. To determine the cause of this increase, management has accumulated the following personnel costs of operating this division production supervisors, marketing supervisors, the accountant specifically assigned to the popsicle division, sales commissions from sales of the popsicles, labor mixing popsicle ingredients, janitorial staff specifically assigned to the popsicle division Management needs to know which of these personnel costs would be a direct cost of producing one popsicle. A. labor mixing the ingredients B. the accountant assigned to the division C. sales commissions from sales of popsicles D. production supervisors II. (55 points) Turn your scan-tron over and begin with number 51. 51. Land that was purchased several years ago for $78,000 was sold this year for $93,000 cash. The gain on the sale was reported on the income statement as other income. On the statement of cash flows, what amount should be reported as an investing activity from the sale of land? a. $78,000 b. None; this is a financing activity. c. $93,000 d. $15,000 52. Spade Company recorded the following events last year: Issuance of shares of the company's own common stock. $150,000 Purchase of long-term investment. $60,000 Dividends paid to the company's own shareholders........ $27,000 Cash paid to suppliers for inventory purchases... $2,000 Repayment of principal on the company's own bonds..... $190,000 Interest paid to lenders $18,000 Collection by Spade of a loan made to another company $130,000 Purchase of equipment. $370,000 The net cash provided by (used in) financing activities on the statement of cash flows would be: A. $41.000 B. $(85,000) C. $947,000 D. S(67,000) ***