Can someone please help me with these?

1. Shareholders of Forest Glen Corporation have received $35,000 in dividends in the current year. At year end the corporation has total assets of $500,000, total liabilities equal to $300,000, and contributed capital totaling $100,000. If retained earnings at the beginning of the year was $80,000, what was Forest Glen's net income for the current year?

a.

$80,000

b.

$215,000

c.

$55,000

d.

$10,000

e. $45,000

2. The Farley Company had retained earnings at the beginning of the year totaling $100,000. At the end of the year retained earnings totaled $200,000. Depreciation was $50,000 for the year and the company paid dividends of $150,000. What is the amount recorded as Net Income in the operating activities section of the statement of cash flows prepared using the indirect method?

a.	a net loss of $150,000
b.	a net income of $150,000
c.	a net income of $0
d.	a net income of $250,000
e.	a net loss of $50,000

3. If cash decreases by $10,000 during the year, liabilities decrease by $5,000, and shareholders' equity increases by $5,000, what is the total change in noncash assets for the year?

a.	a decrease of $5,000
b.	an increase of $10,000
c.	a decrease of $10,000
d.	an increase of $5,000
e.	an increase of $15,000