6. The net income reported on the income statement for the current year was $275,000 Depreciation recorded on fixed assets and amortization of patents for the year were $40,000 and $9,000, respectively. Balances of current asset and current liability accounts at the end and at the beginning of the year are as follow:s: Beginning S 50,000 S 60,000 112,000 108,000 93,000 6,500 89,000 End Cash Accounts receivable Inventories Prepaid expenses Accounts payable (merchandise creditors) 105,000 4,500 75,000 What is the amount of cash flows from operating activities reported on the statement of cash flows prepared by the indirect method? a. $198,000 b. $324,000 c. $352,000 d. $296,000 7. If a gain of $11,000 is realized in selling (for cash) office equipment having a book value of $55,000, the total amount reported in the cash flows from investing activities section of the statement of cash flows is a. $44,000 b. $11,000 c. $55,000 d. $66,000 8. Cash dividends of $45,000 were declared during the year. Cash dividends payable were $10,000 at the beginning of the year and $15,000 at the end of the year. The amount of cash for the payment of dividends during the year is a. $50,000 b. $40,000 c. $55,000 d. $35,000 9. The current period statement of cash flows includes the flowing: Cash balance at the beginning of the period Cash provided by operating activities Cash used in investing activities $310,000 185,000 43,000 97,000 Cash used in financing activities The cash balance at the end of the period is a. $45,000 b. $635,000 c. $355,000 d. $125,000