A building with a cost of $800,000, and accumulated depreciation of $450,000, was sold at a gain of $102,000. This transaction would be reported on a statement of cash flows using the indirect format as a(n):

$452,000 inflow from investing activities and an $102,000 deduction from net income

$902,000 inflow from investing activities and an $102,000 deduction from net income

$552,000 inflow from investing activities and an $102,000 deduction from net income

$452,000 inflow from investing activities and an $102,000 inflow added to operating activities

During the year, cash payments for wages totaled $1,300,000, while wages payable increased $80,000. Wages expense reported on the income statement equaled:

$1,380,000

$1,220,000

$1,300,000

Can't be determined from information given.

Cost of Goods Sold for the period totaled $1,200,000, accounts payable had a beginning and ending balance of $207,000 and $190,000, respectively, and inventory had a beginning and ending balance of $250,000 and $180,000, respectively. Cash payments for inventory were:

$1,147,000

$1,130,000

$1,200,000

$1,113,000