Knowledge Check 01 WIR Inc., reported a net income of $50,000 for the current year. The beginning and ending balances for Retained Earnings for the year are $100.000 and $130,000 respectively. How much did w pay as dividends for the year? Multiple Choice o o o o O snoooo Knowledge Check 01 Phillips Corporation reports net income of $480,000 that includes again on the sale of land of $8,000 and a loss on the sale of equipment of $2,000. What is the company's cash inflows from operating activities? Multiple Choice o $470,000 o 3474, o , o O SA