34 The Roberts Company reported net income of $150,000 in 2020 Additional information follows Depreciation expense $28,000 Loss on sale of equipment 20,000 Gain on sale of land 27,000 Given just this information, what was the Roberts Company's net cash provided by operating activities in 2020 a $162,000 b $171,000 c $169,000 d $211,000 19 Mayberrys statement of cash flow is completed using the visual inspection method Information regarding the Mayberry Company in 2020 appears below Net income $140,000 Decrease in inventory 15,000 Increase in accounts payable 30,000 Proceeds from issue of common stock 80,000 Depreciation expense 10,000 What was Mayberry's net cash provided (used) by financing activities a $70,000 provided b ($80,000) used c $80,000 provided d ($70,000) used 18 The Raymond Corporation reported $11,000 of net income for 2020 and also uses the visual inspection method for completing the statement of cash flows The following additional information relates to Raymond for the year Decrease in inventory 80 Loss on disposal of equipment 900 Proceeds from disposal of equipment 1,400 Depreciation expense 1,200 Acquisition of treasury stock 1,000 Increase in accounts payable 290 Proceeds from issuance of common stock 10,000 Refer to Exhibit 21 1 What is Raymond's net cash provided by financing activities a $9,000 b $(1,000) c $10,000 d $(1,650) 12 Mavis Company's net income was $45,000 in 2020 Mavis reported an increase in accounts payable of $6,000, an increase in inventory of $2,000, depreciation expense of $3,000, payment for purchase of equipment of $8,000, $50,000 from issuance of bonds, $10,000 from issuance of stock What was Mavis's net cash provided (used) by financing activities a $50,000 provided b $60,000 used c $60,000 provided d $10,000 provided 11 Mavis Company's net income was $45,000 in 2020 Mavis reported an increase in accounts payable of $6,000, an increase in inventory of $2,000, depreciation expense of $3,000, and payment for purchase of equipment of $8,000 What was Mavis's net cash provided (used) by investing activities a $8,000 provided b $15,000 used c $8,000 used d $52,000 provided

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34. The Roberts Company reported net income of $150,000 in 2020. Additional information follows: Depreciation expense $28,000 Loss on sale of equipment 20,000 Gain on

34. The Roberts Company reported net income of $150,000 in 2020. Additional information follows: Depreciation expense $28,000 Loss on sale of equipment 20,000 Gain on sale of land 27,000 Given just this information, what was the Roberts Company's net cash provided by operating activities in 2020? a. $162,000 b. $171,000 c. $169,000 d. $211,000

19. Mayberrys statement of cash flow is completed using the visual inspection method. Information regarding the Mayberry Company in 2020 appears below:

Net income	$140,000
Decrease in inventory	15,000
Increase in accounts payable	30,000
Proceeds from issue of common stock	80,000
Depreciation expense	10,000

What was Mayberry's net cash provided (used) by financing activities?

	a.	$70,000 provided
	b.	($80,000) used
	c.	$80,000 provided
	d.	($70,000) used

18. The Raymond Corporation reported $11,000 of net income for 2020 and also uses the visual inspection method for completing the statement of cash flows. The following additional information relates to Raymond for the year:

Decrease in inventory	80
Loss on disposal of equipment	900
Proceeds from disposal of equipment	1,400
Depreciation expense	1,200
Acquisition of treasury stock	1,000
Increase in accounts payable	290
Proceeds from issuance of common stock	10,000

Refer to Exhibit 21-1. What is Raymond's net cash provided by financing activities?

	a.	$9,000
	b.	$(1,000)
	c.	$10,000
	d.	$(1,650)

12. Mavis Company's net income was $45,000 in 2020. Mavis reported an increase in accounts payable of $6,000, an increase in inventory of $2,000, depreciation expense of $3,000, payment for purchase of equipment of $8,000, $50,000 from issuance of bonds, $10,000 from issuance of stock. What was Mavis's net cash provided (used) by financing activities?

	a.	$50,000 provided
	b.	$60,000 used
	c.	$60,000 provided
	d.	$10,000 provided

11. Mavis Company's net income was $45,000 in 2020. Mavis reported an increase in accounts payable of $6,000, an increase in inventory of $2,000, depreciation expense of $3,000, and payment for purchase of equipment of $8,000. What was Mavis's net cash provided (used) by investing activities?