5. Holliman Co. manufactured 60,000 product units with Direct Materials cost per unit of $8.00 each. Total Direct Labor (DL) Cost for manufacturing those 60,000 units was $40,000, and Factory Overhead Cost is estimated to be 100% of DL cost. Holliman sold 45,000 of those units realizing a gross profit of $120,000 in May 2020. Calculate Holliman's total Sales Revenue for May 2020. 6. During 2019, Roderick Industries, Inc. uses the indirect method to prepare its statement of cash flows. Rodrick reported cash spent for fixed asset purchases (necessary property, plant and equipment replacement) $540,000. Its Net Income for 2019 was $950,000, and it had one adjustment to net income for an accounts receivable increase of $130,000. Based on this data, calculate Roderick's Free Cash Flow in 2019. 7. The balance in the work in process inventory account was $108,000 and $138,000 at the beginning and end of the year, respectively. Finished goods inventory had beginning and ending balances of $32,000 and $50,000 at the beginning and end of the year, respectively. Net income reported on the income statement for the year was $180,000, and depreciation expense for the year was $12,000. If there are no other adjustments to net income, calculate the cash flow from operating activities for the year. 8. Use the following 2019 financial data: Cash flow from operating activities S19,000 Cash flow from investing activities S8,000 Cash balance January 1, 2019 $40,000 Cash balance December 31, 2019 $20,000 Calculate cash flow from financing activities