4. A business has the following financial information at the end of the year: Prior year Current year Net income Depreciation expense Dividends paid $500,000 $100,000 $250,000 Accounts receivable $1,500,000 $2,000,000 Inventory $3,500,000 $2,000,000 Accounts payable $350,000 $500,000 Long term debt $2,300,000 $3,000,000 Common stock Retained earnings $2,200,000 $2,500,000 $6,150,000 $6,350,000 Based on the financial information presented above, determine net cash flow from OPERATING ACTIVITIES for the current year. 5. A business has the following financial information for the year: 1. Issued 5,000 shares of common stock for $35.00 per share. 2. Issued long term debt of $250,000. 3. Paid dividends of $35,000. 4. Sold a piece of equipment for $50,000. The equipment had a book value of $40,000. 5. Purchased land for $350,000. 6. Earned net income of $80,000. A. Based on the financial information presented above, determine net cash flow from FINANCING ACTIVITIES for the year. B. Based on the financial information presented above, determine net cash flow from INVESTING ACTIVITIES for the year. Bonus questions (bonus questions cannot hurt your score; they can only help you) 1. What are "serial" bonds? 2. What are "secured" bonds? 3. What is a bond "indenture"?