Daniel Corporation had net income for 2018 of $80,000. Daniel had 12,000 shares of common stock outstanding at the beginning of the year and 17,000 shares of common stock outstanding at the end of the year. There were 12,000 shares of preferred stock outstanding all year. During 2018, Daniel declared and paid preferred dividends of $18,000. On December 31, 2018, the market price of Daniel's common stock is $42.00 per share and the market price of its preferred stock is $77.00 per share. What is Daniel's pricelearnings ratio at December 31, 2018? (Round any intermediate calculations and your final answer to the nearest cent.) O A. 8.93 B. 17.99 C. 9.81 D. 13.96 Arkansas Corp. is preparing its statement of cash flows using the indirect method. It provides the following information about transactions for the year: Plant assets, net-beginning balance: $110,000 Plant assets, net-ending balance: $146,000 Equipment was purchased for $62,400 with cash. Equipment with a net asset value of $12,000 was sold for $16,800. Depreciation Expense of $20,000 was recorded during the year. What was the amount of net cash provided by (used for) investing activities? A. $(45,600) B. $45,600 C. $(32,800) D. $(65,600) Arkansas Corp. is preparing its statement of cash flows using the indirect method. It provides the following information about transactions for the year: Plant assets, net-beginning balance: $110,000 Plant assets, net-ending balance: $146,000 Equipment was purchased for $62,400 with cash. Equipment with a net asset value of $12,000 was sold for $16,800. Depreciation Expense of $20,000 was recorded during the year. What was the amount of net cash provided by (used for) investing activities? A. $(45,600) B. $45,600 C. $(32,800) D. $(65,600) Nature Metals Company uses the direct method to prepare its statement of cash flows. Use the following information reported for the year 2018 to compute the cash paid to suppliers for operating expenses. Operating expenses, $31,000 Accrued Liabilities, beginning balance, $3,600 Accrued Liabilities, ending balance, $5,200 A. $32,600 B. $36,200 C. $34,600 D. $29,400