4:21 1 LTE bbhosted.cuny.edu 12. Jarvis, Inc. reported net income of $34,000 for the year ended December 31, 2011. Included in net income was a gain on early extinguishment of debt of S60,000 related to bonds payable with a book value of S1,200,000. Each of the following accounts increased during 2011 Notes receivable $45,000 Deferred tax liability Treasury stock $10,000 $90,000 What is the amount of cash used by financing activities for Jarvis, Inc. for the year ended December 31, 2011? a. S1,230,000 b. S1,240,000 c. S 160,000 d. 195,000 13. During 2011, Greta Company eamed net income of S192,000 which included depreciation expense of $39,000. In addition, the Company experienced the following changes in the account balances listed below Decreases Increases 6,000 Accounts Accounts receivable payable... Prepaid expenses 16,500 Accrued liabiies 2,000 Based upon this information what amount will be shown for net cash provided by operating activities for 2011 a. S246,000. b. S232,500 c. $142,500. d. S133,500. 14. Cashman Company reported net income of $255,000 for the year ended 12/31/11 Included in the computation of net income were: depreciation expense, S45,000; amortization of a patent, $24,000; income from an investment in common stock of Linda Inc., accounted for under the equity method, S36,000; and amortization of a bond premium, $9,000. Cashman also paid a $60,000 dividend during the year. The net cash provided by operating activities would be reported at: a. $279,000. b. $231,000. c. S219,000. d. $171,000