II- An analysis of Elmont Corporation's Investment in Marketable Securities account during 2005 disclosed the following: Debit entries. $150,000 Credit entries. 230,000 Elmont's 2005 income statement included a $30,000 gain on sale of marketable securities and $20,000 dividend income from marketable securities. All payments and proceeds relating to marketable securities transactions were in cash. 5. Refer to the above data. The amount of cash paid by Elmont Corporation in 2005 for the purchase of marketable securities was A) $230,000 B) $150,000 C) $180,000 D) $190,000 6. Refer to the above data. The cash proceeds received by Elmont Corporation in 2005 for the sale of marketable securities was: A) $150,000 B) $200,000 C) $230,000. D) $260,000 7. Refer to the above data. How should the transactions involving marketable securities be classified in Elmont's statement of cash flows for 2005? A) The purchase of marketable securities, sales of marketable securities, and receipt of dividends are all classified as investing activities. B) The purchase and the sale of marketable securities are classified as investing activities, the receipt of dividends is classified as an operating activity. C) The purchase of marketable securities is classified as an investing activity, the sale of marketable securities is classified as a financing activity, the receipt of dividends is classified as an operating activity. D) The purchase and the sale of marketable securities are classified as investing activities; the receipt of dividends is classified as a financing activity. 9. Refer to the above data. Based solely on the above information, Elmont's net cash flow from investing activities for 2005 is: A) $80,000 net cash used by investing activities. B) $80,000 net cash provided by investing activities. C) $110,000 net cash provided by investing activities. D) $230,000 net cash provided by investing activities