I am completely stuck on these three questions. Could you please provide work and answers for them? Thank you!

1.Based on the following, what is free cash flow?

Net cash flow from operating activities $318,000 Net cash flow used for investing activities (30,000) Net cash flow from financing activities30,000

Cash flows from operations include $2,000 for depreciation. Cash flows from investing include the purchase of a replacement asset for $100,000 and the sale of the one used in production, which is now obsolete, for $70,000.Cash flows from financing include $70,000 of borrowing.

2. The Jase Company allocates overhead based on a predetermined overhead rate of $9.00 per direct labor hour. Job J904 required 8 tons of direct material at a cost of $600 per ton and took employees who earn $21 per hour a total of 80 hours to complete. What is the total cost of Job J904?

3. LM's, Inc. reported net income for the year ending December 31 of $483,500. Dividends paid during the year totaled $52,900. The company holds available-for-sale securitieswith an original cost of $162,000 and a fair value of $181,000 at the end of the year. They also hold trading securities with an original cost of $150,000 and a fair value of $147,000. Retained earnings on January 1 was $736,400 and accumulated other comprehensive income on January 1 as $16,200.

Calculate the following balances to be reported in the financial statements dated December 31.

(a)Valuation allowance for available-for-sale securities

(b) Comprehensive income

(c) Retained earnings

(d) Accumulated other comprehensive income