Can you please answer both questions thank you

041: The statements of financial position for King Lear Corp. at the end of 2017 and 2016 are as follows: 2017 2016 Cash $ 75,000 $105,000 Accounts receivable (net) 180.000 135.000 Merchandise inventory 210.000 135.000 Prepaid expenses 30.000 75.000 Land 270.000 120.000 Buildings and equipment 270,000 225,000 Accumulated depreciation-buildings and equipment (54.000 (24.000 Total Assets $981.000 $771.000 $204.000 36.000 $165.000 54.000 120,000 Accounts payable Salaries payable Notes payable ong-term Mortgage payable Common shares Retained camings (deficit) Total Liabilities & Shareholders' Equity 90,000 627,000 24.000 $981.000 477,000 (45,000 $771.000 During 2017, land was acquired in exchange for common shares (which had a market value of $150,000 at the time). All equipment purchased was for cash. Equipment costing $15,000 was sold for $6,000 cash book value of the equipment at the time of sale was $12,000, and the loss was included in net income. Cash dividends of $30,000 were declared and paid during the year. King adheres to ASPE and uses the indirect method when preparing the statement of cash flows. The cash provided by operating activities for calendar 2017 was a) $72,000 b) $78,000 c) 584.000. d) $99,000 Question 6 (1 point) Banquo adheres to ASPE Banquo Corp.'s transactions for the year ended December 31, 2017 included the following: 1. Purchased land for $220,000 cash. 2. Borrowed $220,000 from the bank on a long-term note. 3. Sold long-term investments for $200,000 4. Accounts receivable decreased by $40.000 5. Paid cash dividends of $240,000. 6. Issued 1,000 common shares for $100,000. 7. Purchased machinery and equipment for $50,000 cash. 8. Accounts payable increased by $80,000. The cash used in investing activities for 2017 was