1. CR Co. needs to raise capital, so it decides to issue stock. JCR was authorized to issue 10,000 shares of common stock at $1 par value. On 4/15, JCR Co. issued 4,000 shares for $600,000. What is JCRs journal entry to record the issuance of the stock?

a. Cash 600,000

PIC CS 4,000

APIC CS 596,000

b. Cash 600,000

PIC CS 600,000

c. Cash 600,000

APIC CS 600,000

d. PIC CS 4,000

APIC CS 596,000

Cash 600,000

e. Cash 600,000

PIC CS 596,000

APIC CS 4,000 2. Fox Co. calculated the following data for the period: Cash received from customers $ 50,000 Cash received from sale of equipment 2,000 Interest paid to bank on note 6,000 Cash paid to employees 16,000 What amount should Fox report as net cash provided by operating activities in its statement of cash flows?

Group of answer choices

$50,000

$30,000

$34,000

$28,000