28. Consider the following: Net Income Depreciation Expense Sale of Equipment Increase in Inventory Purchase of Machinery Payment of Dividends $17,300 12,000 20,500 2,050 6,050 2,000 Calculate the net cash provided for use) by investing activities using the indirect method A) $29,300 B) $49,800 C) $35,900 D) $14,450 29. In preparing its bank reconciliation for the month of April 2017, Henke, Inc. has the following information available. Balance per bank statement, 4/30/17 NSF check returned with 4/30/17 bank statement Deposits in transit, 4/30/17 Outstanding checks, 4/30/17 Bank service charges for April 1,350 15,000 15,600 60 What should be the adjusted bank balance after reconciliation on Apri 30, 20177 A) $103,110 B) $101,820 C) $100,470 D) $100,410 30. On May 1, 2017, Peter Inc. received $55,000 in advance from a customer for merchandise to be delivered on Jul1 1, 2017. What is the journal entry recorded on May 1, 2017? A) Unearned Revenue B) Cash C) Cash D) Cash 55,000 55,000 55,000 55,000 55,000 Cash Unearned Revenue Sales Revenue Prepaid Revenue 55,000 55,000 55,000