1.RiverbedCompany reported 2020 net income of $153,600. During 2020, accounts receivable increased by $14,530and accounts payable increased by $9,844. Depreciation expense was $41,500.

Prepare the cash flows from operating activities section of the statement of cash flows.(Show amounts that decrease cash flow with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000).)

2.SageCorporation engaged in the following cash transactions during 2020.

Sale of land and building$199,200Purchase of treasury stock41,000Purchase of land42,200Payment of cash dividend87,800Purchase of equipment57,600Issuance of common stock154,800Retirement of bonds106,800

Compute the net cash provided (used) by investing activities.(Show amounts that decrease cash flow with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000).)

3.SunlandCorporation engaged in the following cash transactions during 2020.

Sale of land and building$182,540Purchase of treasury stock44,300Purchase of land41,500Payment of cash dividend86,800Purchase of equipment60,100Issuance of common stock148,400Retirement of bonds101,100

Compute the net cash used (provided) by financing activities.(Show amounts that decrease cash flow with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000).)

4.SageCorporation engaged in the following cash transactions during 2020.

Sale of land and building$189,900Purchase of treasury stock47,600Purchase of land46,400Payment of cash dividend94,500Purchase of equipment62,100Issuance of common stock147,000Retirement of bonds107,200

DetermineSage's free cash flow, assuming that it reported net cash provided by operating activities of $407,520.(Show amounts that decrease cash flow with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000).)

5.The major classifications of activities reported in the statement of cash flows are operating, investing, and financing. Classify each of the transactions listed below as:

1.Operating activity-add to net income.2.Operating activity-deduct from net income.3.Investing activity.4.Financing activity.5.Reported as significant noncash activity

The transactions are as follows.

Transactions

Classifications of Activities

(a)Issuance of common stock.select a classification

(b)Purchase of land and building.select a classification

(c)Redemption of bonds.select a classification

(d)Sale of equipment.select a classification

(e)Depreciation of machinery.select a classification

(f)Amortization of patent.select a classification

(g)Issuance of bonds for plant assets.select a classification

(h)Payment of cash dividends.

(i)Exchange of furniture for officeequipment.select a classification

(j)Purchase of treasury stock.select a classification

(k)Loss on sale of equipment.select a classification

(l)Increase in accounts receivable during the year.select a classification

(m)Decrease in accounts payable during the year