Greene Corporation Balance Sheets At December 31 2019 2018 Assets: Cash $ 27,040 $ 25,440 Accounts receivable 29,400 32,180 Merchandise inventory 70,625 59,710 Long-term investments 56,000 56,000 Equipment 175,500 145,500 Accumulated depreciation (33,550) (31,200) Total assets $325,015 $287,630 Liabilities: Accounts payable $ 62,745 $ 42,635 Salaries payable 10,200 10,725 Long Term Bonds payable 48,750 66,000 Total liabilities $121,695 $119,360 Equity: Common stock 117,000 96,000 Paid-in capital in excess of par 13,000 9,000 Retained earnings 73,320 63,270 Total equity $203,320 $168,270Total liabilities and equity $325,015 $287,630 Greene Corporation Income Statement For Year Ended December 31, 2019 Sales $240,000 Cost of goods sold $80,900 Depreciation expense 29,400 Other operating expenses 48,000 Interest expense (160,300) 2,000 Other gains (losses): Loss on sale of equipment (8,400) Income before taxes 71,300 Income taxes expense 27,650 Net income $ 43,650\fThe total adjustment to reconcile net income to net cash provided by operating activities related to gains and losses is? O 1) Increase of $8,400 O 2) Decrease of $8,400 O 3) Increase of $29,400 (4) Decrease of $29,400The total adjustment to reconcile net income to net cash provided by operating activities related to Accounts Receivable is? O 1) Decrease of $2,780 ( 2) Increase of $1,600 O 3) Increase of $2,780 O 4) Decrease of $29,400The total adjustment to reconcile net income to net cash provided by operating activities because of non-cash revenues or expenses is? ( 1) Increase of $29,400 O 2) Decrease of $8,400 O 3) Increase of $8,400 (4) Decrease of $29,400Common stock dividends are classified as what type of activity? ( 1) Operating O 2) Investing ( 3) Financing ( 4) Non-cash investing / financingThe total cash paid for common stock dividends was? (1) $33,600 2) $10,050 3) $43,650 (4) $53,700The total adjustment to reconcile net income to net cash provided by operating activities related to Accounts Payable is? ( 1) Increase of $20,110 O 2) Increase of $1,600 O 3) Decrease of $20,110 O 4) Increase of $42,635