Jackson & Murphy Enterprises expects the following for 2017: Net cash provided by operating activities of $232,000 Net cash provided by financing activities of $18,000 Net cash provided by investing activities of $67,000 Cash dividends paid to stockholders of $16,000 The business plans to spend $107,000 to purchase equipment. What is the expected amount of free cash flow for 2017? A) $109,000 B) $125,000 C) $76,000 D) $60,000 Johnson, Inc. is authorized to sell 10,000 shares of common stock. Johnson has issued 8,000 shares and there are 7,500 shares outstanding. The number of treasury shares is: A. 2,000 shares B. 500 shares C. 10,000 shares D. 8,000 shares E. 2,500 shares Use the following information to answer questions 24 & 25: The records of Kenny, Inc. reflect the following balances in stockholders' equity: Common stock, $5 par, 10,000 shares issued and outstanding. Preferred stock, cumulative, 8%, $25 par, 10,000 shares issued and outstanding. On December 31, 2004, Kenny declared and paid a dividend of $100,000. No dividends were paid during 2001, 2002 and 2003. 24. How much did the preferred stockholders receive in dividends on December 31, 2004? A. $80,000 B. $60,000 C. $20,000 D. $40,000 E. $50,000 25. How much would each share of common stock receive of the dividend on December 31, 2004? A. $8 B. $6 C. $4 D. $2 E. $5 Giles Corporation recently sold a piece of machinery for $47,000 that resulted in a gain of $16,000. How would this appear on the Statement of Cash Flows? A. As a $16,000 cash inflow from investing. B. As a $47,000 cash inflow from operating. C. As a $47,000 cash inflow from investing. D. As a $16,000 cash inflow from operating. E. It would not appear on the Cash Flow Statement