2 Question 2 options: The following information was taken from the accounting records of ABC Company for 2003: Cash payments for supplies $10,400 Cash paid for rent 1,200 Cash paid for dividends 200 Cash received from customers 17,868 Cash received from issuing stock 25,000 Cash paid for interest 150 Cash paid for studio equipment 12,874 Cash borrowed from the bank 10,000 Cash paid to purchase inventory 3,750 Calculate the net cash flow from operating activities for 2003. If your answer is negative, place a minus sign in front of your answer with no spaces in between (e.g., -1234). Do not use decimals in your answer. Question 3 Question 3 options: The following selected account balances were taken from Buckeye Company's general ledger at January 1, 2005 and December 31, 2005: January 1, 2005 December 31, 2005 Accounts receivable 50,000 71,000 Inventory 39,000 28,000 Accounts payable 45,000 54,000 Salaries payable 7,000 3,000 Investments 59,000 46,000 Common stock 110,000 130,000 Retained earnings 21,000 45,000 The following selected information was taken from Buckeye Company's 2005 statement of cash flows for 2005: Cash collected from customers $385,000 Cash paid to purchase inventory 199,000 Cash paid to employees 80,000 Cash received from sale of investments 15,000 Cash paid for dividends 30,000 Calculate the amount of net income reported in Buckeye Company's 2005 income statement. Do not use decimals in your answer. Question 4 Question 4 options: The following selected account balances were taken from Buckeye Company's general ledger at January 1, 2005 and December 31, 2005: January 1, 2005 December 31, 2005 Inventory 52,000 49,000 Accounts payable 40,000 71,000 Salaries payable 3,000 9,000 Investments 68,000 75,000 Accounts receivable 83,000 56,000 Land 58,000 88,000 Mortgage payable 120,000 95,000 Common stock 100,000 180,000 Retained earnings 22,000 35,000 The following information was taken from Buckeye Company's 2005 income statement: Sales revenue $420,000 Cost of goods sold 300,000 Salaries expense 94,000 Net income $ 26,000 Calculate the amount of cash paid to employees for salaries during 2005. Do not use decimals in your answer. Question 5 Question 5 options: The following selected account balances were taken from Buckeye Company's general ledger at January 1, 2005 and December 31, 2005: January 1, 2005 December 31, 2005 Inventory 52,000 49,000 Accounts payable 40,000 71,000 Salaries payable 3,000 9,000 Investments 68,000 75,000 Accounts receivable 83,000 56,000 Land 58,000 88,000 Mortgage payable 120,000 95,000 Common stock 100,000 180,000 Retained earnings 22,000 35,000 The following information was taken from Buckeye Company's 2005 income statement: Sales revenue $420,000 Cost of goods sold 300,000 Salaries expense 94,000 Net income $ 26,000 Calculate the amount of cash collected from customers during 2005. Do not use decimals in your answer. Question 6 For each transaction listed below, indicate where it would be presented on the statement of cash flows. Enter the number corresponding to your answer in the box provided. Answer choices may be used once, more than once, or not at all. Only one answer per statement. Question 6 options: purchase of a copyright for cash proceeds from the sale of land proceeds from the sale of common stock cash received as interest from loans that were made to customers collection of accounts receivable from sales to customers 1.operating activity cash inflow 2.operating activity cash outflow 3.investing activity cash inflow 4.investing activity cash outflow 5.financing activity cash inflow 6.financing activity cash outflow