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34.What amounts should Andrea Inc. report in the investing and financing activities sectio of the statement of cash flows? Investing Financing a. (31,500) (2,000) b.

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34.What amounts should Andrea Inc. report in the investing and financing activities sectio of the statement of cash flows? Investing Financing a. (31,500) (2,000) b. (31,500) 0 c. (1,500) (2,000) d. (1,500) 0 Use the following information to answer questions 33 - 34. Andrea Inc.'s post-closing trial balances at December 31, 2020, and December 31, 2021 are shown below. All accounts have normal balances. Cash Accounts receivable Inventory Prepaid expenses Equipment Accumulated depreciation Accounts payable Salaries payable Sales taxes payable Long-term debt Capital stock Retained earnings Dec. 31, 2020 $22,000 43,000 89,000 4,000 385,000 175,000 51,000 6,500 5,500 250,000 25,000 30,000 Dec. 31, 2021 $33,000 48,000 85,000 6,000 416,500 205,000 42,000 4,500 6,000 250,000 25,000 56,000 Difference 11,000 5,000 (4,000) 2,000 31,500 30,000 (9,000) (2,000) 500 0 0 26,000 Additional information: Net income was $28,000 for the year. Cash dividends paid were $2,000 No equipment was sold. Cash was used for equipment purchases. There were no new borrowings. Andrea Inc. uses the indirect method to present cash flows

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