1. Just need these two answered thank you
   

ES Exercise 183 Wayne Company reported net income of $265,000 for 2020. Wayne also reported depreciation expense of $45,000 and a loss of $8,000 on the sale of equipment. The comparative balance sheet shows a decrease in accounts receivable of $15,000 for the year, a $17,000 increase in accounts payable, and a $6,000 decrease in prepaid expenses. Prepare the operating activities section of the statement of cash flows for 2020. Use the indirect method. (Show amounts that decrease cash ow with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000).) WAYNE COMPANY Partial Statement of Cash Flows For the Year Ended December 31, 2020 Adjustments to reconcile net income to it Click if you would like to Show Work for this question: Qpen Show Work LINKTO TEXT Question Attempts: 0 of 2 used SAVE FOR LATER | I '5 " E' 5""'l "\"""""5 ' ' ""'le m Mp | ystem Announcements ES CALCULATOR FIul'ITER VERSION 1 BACK Brief Exercise 228 Farley Corporation purchased land adjacent to its plant to improve access for trucks making deliveries. Expenditures incurred in purchasing the land were as follows: purchase price, $70,000; broker's fees, $6,000; title search and other fees, $5,000; demolition of an old building on the property, $5,700; grading, $1,200; digging foundation for the road, $3,000; laying and paving driveway, $25,000; lighting $7,500; signs, $1,500. List the items and amounts that should be included in the Land account. $ Click if you would like to Show Work for this question: gpen Show Work LINKTOTEXT Question Attempts: o of 2 used SAVE son LATER |