Assets The following information pertains to Alpha Computing at the end of 2002 580,000 Liabilities 560,000 Common Stock $10,000 Alpha Computing Retained Earnings account had $3.000 balance at the beginning of 2021. In 2021, Alpha Company declared and paid dividends 51.000. What amount of net income did the company report in 2017 a) 59.000 b) 510,000 e) $11,000 d) $8.000 35. The balance of cash reported in the balance sheet this year minus the balance of cash reported in the balance sheet year equals: a) Net cash flows from operating, investing, and financing activities b) Net cash flows from operating activities only c) Net income d) Net cash flows from investing & financing activities 36. Given the items below, which of the following is an addition to net income to arrive at operating cash flows using the indirect method? 1. Increase in Accounts Receivable Il Loss on sale of assets III. Increase in Accounts Payable IV. Increase in Supplies a) Land III b) I only c) III and IV. d) II and III. Please choose the best answer for question 37-40 based on the following information: Speedy Delivery Company on Jan 1, 2021 purchased a delivery van for $20,000. To complete the purchase, the company also incurred $800 shipping cost and $1,200 sales tax. Speedy estimates that at the end of its four-year service life, the van will be worth $3.000. During the four-year period, the company expects to drive the van 100,000 miles. Actual miles driven each year were 32,000 miles in year 1:35,000 miles in year 2: 27,000 miles in year 3; and 6,000 miles in year 4. 37. Using Straight-line depreciation method, what is the annual depreciation expense? a) $4,500 b) $4,750 c) $4,250 d) $5,000