5. Net cash flow from operating activities for 2011 for Spencer Corporation was $300,000. The following items are reported on the financial statements for 2011 Cash dividends paid on common stock 20,000 Depreciation and amortization 12,000 Increase in accounts receivables 24,000 Based on the information above, Spencer's net income for 2011 was a. S312,000. b. S296,000 c. $264,000 d. S256,000 6. During 2011, Orton Company earned net income of $384,000 which included deprecia-tion expense of $78,000 In addition, the company experienced the following changes in the account balances listed below: Increases Deses Accounts payable S45,000 Accounts receivable $12,000 Inventory 36,000 Accrued liabilities 24,000 Prepaid insurance 33,000 Based upon this information what amount will be shown for net cash provided by operating activities for 2011? a.$492,000 b. S465,000 c. S285,000 d. S267,000 7. Minear Company reported net income of $340,000 for the year ended 12/31 Included in the computation of net income were: depreciation expense, amortization of a patent, S32,000; income from an investment in common stock of Brett Inc., accounted for under the equity method, $48,000; and amortization of a bond discount, S12,000. Minear also paid an $80,000 dividend during the year. The net cash provided by operating activities would be reported at: a. $396,000. b. S316,000 . $284,000. d. $204,000 preparing Titan Inc.'s statement of cash flows for 8. In the year ended December 31, 2011, the following amounts were available: Collect note receivable Issue bonds payable Purchase treasury stock S320,000 406,000 210,000 What amount should be reported on Titan, Inc.'s statement of cash flows for investing activities? a.S320,000 b. S110,000 C. $726,000 d S10,000