Hi, I need a solution for these questions. Thanks

Questionla): In the long run, is it more important for a business to have positive cash flows from operating activities, investing activities, or financing activities? Why? ( 4) Question 1b): Question1): The following income statement and selected balance sheet account data are available for Treece, Inc., at December 31, 2013 ( 6 marks) Revenue: Net sales..... ..$3,200,000 Interest income........ ............ . 45,000 Gain on sale of marketable securities.... ........34,000 Total revenue..... ......$3,279,000 Costs and expenses: Cost of goods sold............. ";";;;"*;;4.*4...; $1,620,000 Operating expenses (including depreciation of $150,000)....1, 240,000 Interest expense.. ..42,000 Income taxes............. ..... 100,000 Loss on sale of plant Assets...... ........12,000 Total Costs and expenses................................. $3,014,000 Net income............. ............. $260,000 Changes in the Company's balance sheet accounts over the year are summarized as follows: 1. Accounts receivable increased by $60,000 2. Accrued interest receivable decreased by $2,000 3. Inventory decreased by $60,000, and Account payable decreased by $16,000 4. Short term prepayments of operating expenses increased by $6,000 and accrued liabilities for operating expenses decreased by $8,000 5. The liability for accrued interest payable increased by $4,000 during the year. 6. The liability for accrued income taxes payable decreased by $14,000 during the year. 7. The Page schedule sun/marize3 the total demand creentries dug the year: ?each year the stock was outstanding except for the immediate past year. In the current year the Management declares a dividend of $60,000. a. How many shares of preferred stock and common stock have been issued? b. Indicate the amount of dividends that will be paid to both common and preferred stockholders assuming i. Preferred stock is cumulative li.Preferred stock is non-cumulative c. What was the average issuance price per share of common stock? d. What is the amount of legal capital and paid-in capital? Question4a: On Septemberl, 2001, Kansas House signed a 30 year, $540,000 mortgage note payable to Dodge City savings and loan in conjunction with the purchase of a restaurant. This mortgage note calls for interest at the rate of 12% per year (1% per month) and monthly payments of $5,555. This note is fully amortizing over a period of 360 months(30 years) (6 marks) a. Prepare journal entries to record the first five monthly payments on this mortgage. b. Pass the year end adjusting entry Question4 (b): Define liabilities. Identify several characteristics that distinguish liabilities from owners' equity. (4 marks)