Freedom Enterprises uses the direct method in preparing its cash flow Matement. Freedom seld machinery with a book value of 5,700 tons of 1200 Tento reported on the cash firem received from sale of property, plant, and equipment is O A $36,700 OB. $7.200 OC. $43,900 OD. 529 500 The following is a summary of information presented on the financial statements of The Cake Company on December 31, 2021 (Click the icon to view the summary of financial statements.) What would a horizontal analysis report with respect to current liabilities show? Round values to two decimal places O A. that current liabilities are 38 46% of total capital OB. a current ratio of 0.87 OC. a 33,33% increase in current liabilities OD. a 50.00% increase in current liabilities al statemer i Summary of financial statements - X ts.) bilities show Account Current assets Accounts receivable Merchandise inventory Current liabilities Long-term liabilities Common shares Retained earnings Net sales revenue Cost of goods sold Gross margin Selling and general expenses Net Income before income tax expense Income tax expense Net income 2021 2020 $65,000 $50,000 80,000 75,000 50,000 40,000 75,000 50,000 30,000 50,000 50,000 40,000 40,000 25,000 $525,000 $500,000 400,000 395,000 $125,000 $105,000 45,000 50.000 $80,000 $55.000 24,000 1 16,500 $56.000 $38,500 Print Done