I would like to get the answers for these multiple choice questions and the 1 short answer question.

Finley Company recorded the following cash transactions for the year: Paid $90,000 for salaries. Paid $40,000 to purchase office equipment. Paid $10,000 for utilities. Paid $4,000 in dividends. Collected $150,000 from customers. What was Finley's net cash provided by operating activities? $50,000 $10,000 $60,000 $46,000 These are selected account balances on December 31, 2007. -Land (location of the corporation's office building) $200,000 -Land (held for future use) 300,000 -Corporate Office Building 1,200,000 -Inventory 400,000 -Equipment 900,000 -Office Furniture 200,000 -Accumulated Depreciation 600,000 What is the total NET amount of property, plant, and equipment that will appear on the balance sheet? $1,900,000 $2,600,000 $2,200,000 $3,200,000 For 2007 Mossland Corporation reported net income of $28,000; net sales $400,000; and average share outstanding 6,000. There were no preferred stock dividends. What was the 2007 earnings per share? $4.67 $0.25 $66.67 $14.86 Liondale Corporation had beginning retained earnings of $2,292,000 and ending retained earnings of $2,499,000. During the year, they issued common stock totaling $141,000. There were no dividends issued. What was their net income for the year? $207,000 $ 66,000 $348,000 $273,000 The following is selected information from J Corporation for the fiscal year ending October 31, 2007. Cash received from customers $75,000 Revenue earned 87,500 Cash paid for expenses 42,500 Expenses incurred 50,000 Based on the accrual basis of accounting, what is J Corporation's net income for the year ending October 31, 2007? (Points : 3) $28,500 $33,500 $20,500 $37,500 Hunter Company purchased merchandise inventory with an invoice price of $3,000 and credit terms of 2/10, n/30. What is the net cost of the goods if Hunter Company pays within the discount period? $2,940 $2,760 $2,700 $3,000 Jake's Market recorded the following events involving a recent purchase of merchandise: Received goods for $20,000, terms 2/10, n/30. Returned $400 of the shipment for credit. Paid $100 freight on the shipment. Paid the invoice within the discount period. As a result of these events, the company's merchandise inventory increased by $19,208. increased by $19,700. increased by $19,306. increased by $19,308. The adjusted trial balance of Gertz Company included the following selected accounts: Debit Sales Sales Returns and Allowances Sales Discounts Cost of Goods Sold Freight-out Credit $575,000 $ 50,000 9,500 347,000 2,000 Advertising Expense 15,000 Interest Expense 19,000 Store Salaries Expense 74,000 Utilities Expense 18,000 Depreciation Expense Interest Revenue 3,500 25,000 Instructions (1). Use the above information to prepare a multiple-step income statement for the year ended December 31, 2007. (2). Calculate the profit margin ratio and gross profit rate. To qualify for full credit, you must state the formula you are using, show your computations, and explain your findings