4a. What adjusting entries should Tangent Company make at December 31, 20xx for the following 3 circumstances: a) it purchased a 3 year insurance policy for $9,000 on January 1, 20xx; b) it received an advance payment of $12,000 for 3 years of advertising on January 1, 20xx; and its accrued wage expense on Wednesday December 31, 20xx during a week when it would pay wages in cash for the 5 days work on January 2 mounting to $5,000.

4b. During 2017, Cube Company had net income of $100,000. It also recorded depreciation expense of $150,000. During that same year its receivable balance increased by $10,000, its inventory balance increased by $20,000 and its accounts payable account increased by $10,000. Using the indirect method calculate Cube Companys net cash from operations in 2017.