During 2001, ABC Company reported ending inventory of $20,000; sales revenue of $90,000; and a gross profit of $40,000. The cost of goods available for sale during 2001 totaled: A. $110,000 B. $ 70,000 $ 60,000 $ 50,000 E. $ 40,000 In a statement of cash flows, payments of dividends to stockholders are classified as: A. operating activities B. investing activities financing activities D. none of the above as dividends are reported in the income statement, not the statement of cash flows E. both (a) and (c) are correct