47. The Hamster Company uses the indirect method to determine its cash flows from operating activities. Hamster reported net income of $400,000 for the year. Depreciation expense is $60,000 and gain on sale of equipment is $20,000. During the year, accounts receivable went up by $2,000 and accounts payable fell by $7,000. Determine the amount of cash generated by operating activities? a. b. $449,000 $435,000 c. $445,000 d. c. $431,000 $400,000 48. Equipment with an original cost of $80,000 and a book value of $60,000 is sold at a loss of $6,000. What is the amount of cash received on the sale of the equipment? $54,000 b. $60,000 c. $74,000 d. $80,000 e. $66,000 49. The following account balances appear on Martin Company's balance sheet at the beginning and end of 2012: Dividends Payable Retained Earnings 1/1/2012 $ 30,000 380,000 12/31/2012 $ 45,000 760,000 Net income for the year amounted to $450,000. Determine the amount of cash paid for dividends. $70,000 $45,000 $15,000 d. $55,000 c $40,000 50. Which of the following would cause cash received from customers to be greater than the sales revenue? PAPAR M Increase in interest expense a. b. Increase in accounts payable C. Decrease in accounts receivable d. Decrease in noncash transaction c. Decrease in the discount received