Mayweather reports net income of $350,000 for the year ended December 31. It also reports $117100 depreciation expense and a $12.700 loss on the sale of equipment. Its comparative balance sheet reveals a $51.000 Increase in accounts receivable, a $12.900 decrease in prepaid expenses, a $19,700 increase in accounts payable, a $16,100 decrease in wages payable, a $94.800 increase in equipment, and a $127.000 decrease in notes payable Calculate the net increase in cash for the year, Multiple Choice $445 300 $318 300 in preparing a company's statement of cash flows for the year just ended the following information is available: Loss on the sale of equipment Purchase of equipment Proceeds from the sale of equipment Repayment of outstanding bonds Purchase of treasury stock Issuance of common stock Purchase of land Increase in accounts receivable during the year Decrease in accounts payable during the year Payment of cash dividends $ 14,000 225,000 106,000 87,000 25,000 96,000 115,000 33,000 75,000 35,000 Net cash flows from financing activities for the year were: Multiple Choice Prior to June 30, a company has never had any treasury stock transactions. A company repurchased 100 shares of its $1 par common stock on June 30 for $40 per share. On July 20, it reissued 50 of these shares at $46 per share. On August 1, it reissued 20 of the shares at $38 per share. What is the journal entry necessary to record the repurchase of stock on June 302 Multiple Choice Debit Common Stock $4.000, credit Cash $4.000, Debit Common Stock $100, debit Treasury Stock $3,900, credit Cash $4.000 Debit Treasury Stock $3.900: debit Paid-in Capital, Treasury Stock $100, credit Cash $4,000