1--Joyce Corporation provides the following information. 2--The Abrahame Company purchased machinery by issuing a long-term note payable. Should The Abrahame Co. report this transaction on the Statement of Cash Flows? If so, how and where? If not, why not? 3--Which method does the Financial Accounting Standards Board (FASB) prefers for reporting cash flows from operating activities? Which method of reporting cash flows from operating activities is most popular with US corporations? Why do you think this disparity between the FASB and the business community exists? Which method do you personally prefer and why? 4--Describe the type of activities that should be reported under the operating activities section of the Statement of Cash Flows (SoCF). What type of activities should be reported under the investing activities? What type of activities should be included and reported on under the financing activities sections of the SoCF? 5--Kristyan Company uses the indirect method to prepare the statement of cash flows. Refer to the following income statement: Kristyan Company Income Statement Year Ended December 31, 2025 Sales Revenue $250,000 Interest Revenue 2,600 Gain on Sale of Plant Assets 6,000 Total Revenues and Gains $258,600 Cost of Goods Sold 119,000 Salary Expense 41,000 Depreciation Expense 12,000 Other Operating Expenses 21,000 Interest Expense 1,700 Income Tax Expense 5,400 Total Expenses 200,100 Net Income (Loss) $58,500 Additional information provided by the company includes the following: 1. Current assets, other than cash, increased by $21,000. 2. Current liabilities decreased by $1,300. Compute the net cash provided by (used for) operating activities