1.Based on the following information, determine the amount of cash paid for current years inventory:

Cost of goods sold	$545,000
Inventory, prior year end	$105,000
Inventory, current year end	$112,000
Accounts payable, prior year end	$98,500
Accounts payable, current year end	$101,300

1.Classify the following cash flows as either operating, investing, or financing activities:

i.Sold long-term investments for cash

ii.Received cash payments from customers

iii.Received cash from sale of land at a loss

iv.Paid cash for wages and salaries

v.Purchased inventories for cash

vi.Paid cash dividends

vii.Issued common stock for cash

viii.Received cash interest on a note

ix.Paid cash interest on outstanding notes

x.Paid cash for property taxes on building