17 Financing activities involve: a. lending money. acquiring Land for investment e issuing debt o acquiring long-lived assets 18. Investing activities include: a collecting cash on loans made b) obtaining cash from creditors. G obtaining capital from owners d. repaying money previously borrowed 1. Kanet Company issued common stock for proceeds of $386,000 during 2016. The company paid dividends of $80,000 and issued a long-term note payable for $95,000 in exchange for equipment during the year. The company also purchased treasury stock that had a cost of $15,000. The financing section of the statement of cash flows will report net cash inflows of a $291.000. b. $481,000 C. $305.000 d. $371.000 20. In Jude Company, land decreased $150.000 because of a cash sale for $150,000, the equipment account increased $60.000 as a result of a cash purchase, and Bonds Payable increased $120,000 from issuance for cash at face value. The net cash provided by investing activities is a $150,000. $210.000 C. $90,000 d. $270,000 21. The net income reported on the income statement for the current year was $245,000. Depreciation was $40,000. Account receivable and inventories decreased by $12,000 and $35,000, respectively. Prepaid expenses and accounts payable increased, respectively, by $1,000 and $8,000. How much cash was provided by operating activities? a. $296,000 b. $339,000 C. $323,000 d. $311,000 22 Accounts receivable arising from sales to customers amounted to $40,000 and $55.000 at the beginning and end of the year, respectively. Income reported on the income statement for the year was $180,000. Exclusive of the effect of other adjustments, the cash flows from operating activities to be reported on the statement of cash flows is a $180,000 b. $195,000 c. $220,000 d $165,000