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Paragraph Questions 11-15 are based on the fact statement directly below: CAROL COMPANY INCOME STATEMENT For the Year Ended December 31, 2018 Sales $7,000,000 Cost of goods sold Beginning inventory $2,000,000 Purchases 5,000,000 sh (United States) a e Goods available for sale $7,000,000 Ending inventory 3,000,000 Cost of goods sold 4,000,000 Gross Profit 3,000,000 Operating expenses Selling expenses $1,000,000 Administrative expenses 500,000 1,500,000 $1,500,000 Net income Additional information 1. Accounts receivable increased by $100,000 during the year 2. Prepaid expenses decreased by $200,000 during the year. 3. Accounts payable to suppliers of merchandise decreased by $200,000 during the year 4. Accrued expenses payable increased $100,000 during the year 5. Administrative expenses includes depreciation expense of $400,000 11. What is the change in inventory from the beginning of 2016 to the end of 2013? A. 2,000,000 B. 3,000,000 C. 1,000,000 increase D. 1,000,000 decrease E. None of the above 12. Using the indirect method, what is the amount for net cash flow from operating activities? A. 600, 000 net cash provided by operating activities B. (600,000) net cash used by operating activities C. 1,600,000 net cash provided by operating activities D. 2,100,000 net cash provided by operating activities E. None of the above Cash Flow from Operating Activities: Net Income 2. Depreciation Adjustments Accounts Receivable Inventory 8. Prepaid Expenses Accounts Payable Accrued Expenses Net Cash Flow from Operating Activities reported? B. Investing Activities C. Financing Activities D. Schedule of Noncash Transactions E. None of the above 14. In the statement of cash flows, in which section is the cash payment of dividends reported? A. Operating Activities B. Investing Activities C. Financing Activities D. Schedule of Noncash Transactions E. None of the above Mac Act AaB Paragraph 17. In the statement of cash flows, in which section is the cash payment of reported A. Operating Activities B. Investing Activities C. Financing Activities D. Schedule of Noncash Transactions E. None of the above 18. In the statement of cash flows, in which section is the cash received from borrowing money reported A. Operating Activities C. Financing Activities D. Schedule of Noncash Transactions Paragraph 15. In the statement of cash flows, in which section is the cash payment of income taxes reported? A. Operating Activities B. Investing Activities D. Schedule of Noncash Transactions E. None of the above Paragraph 16. In the statement of cash flows, in which section is the Cash purchase of merchandise inventory reported? A. Operating Activities B. Investing Activities C. Financing Activities D. Schedule of Noncash Transactions E. None of the above Paragraph A. Operating Activities B. Investing Activities C. Financing Activities D. Schedule of Noncash Transactions E. None of the above A. Operating Activities C. Financing Activities D. Schedule of Noncash Transactions E. None of the above