51 The changes in each balance sheet account for Carver Corporation during the year just completed are as follows Increase Decrease Cash and cash equivalents $ 3,240 Accounts receivable $5,350 Inventory $ 6,300 Prepaid expenses $ 3,090 Long-term investments $18,020 Property, plant, and equipment $11,888 Accumulated depreciation $ 9,548 Accounts payable $ 8,320 Accrued liabilities $5,250 Bonds Payable $13,200 Common Stock $ 3,060 Retained Earnings $ 2,910 Carver Corporation's income statement for the year just ended shows the following Income Statement Sales 5369,570 Cost of goods sold 197,600 Gross margin 171,970 Selling and administrative expense 169,960 Net income $ 2,910 The company did not dispose of any property, plant, and equipment, buy any long-term investments, issue any bonds payable, or repurchase any of its own common stock during the year. Carver Corporation uses the direct method to construct its statement of cash flows Required: a. Determine the sales adjusted to the cash basis b. Determine the cost of goods sold adjusted to the cash basis c. Determine the selling and administrative expenses adjusted to a cash basis d. Determine the net cash provided by used in operating activities (Negative amounts should be indicated by a minus sign.) e Determine the net cash provided by (used in) Investing activities (Negative amounts should be indicated by a minus sign) 1. Determine the net cash provided by used in financing activities (Negative amounts should be indicated by a minus sign) Adjusted sales D. Adjusted cost of goods sold c Adjusted rolling and administrative expenses dNet cash provided by Cunod in operating activities Net cash provided by used in investing activities Nel cash provided by used in) financing activities