Noah Inc., a service organization, reports the following for calendar 2020: Service revenue. $525,000 Cash received from customers. 450,000 Interest payments (on long-term debt).. 12,000 Salaries and wages paid to employees.. 157,500 Purchase of new equipment for cash.. 240,000 Cash dividends paid........ 30,000 Payments for office rental & general expenses. 210,000 Income taxes paid. 22,500 Net income..... 67,500 Noah adheres to ASPE. Based on the above information, and using the direct method, the cash provided by (used in) operating activities to be reported on Noah's 2020 statement of cash flows is O $48,000. O $60,000. O $105,000 O $(135,000) Tampa Ltd.'s prepaid insurance balance was $20,000 at December 31, 2020 and $10,000 at December 31, 2019. Insurance expense was $8,000 for 2020 and $6,000 for 2019. How much cash paid for insurance would be reported in Tampa 2020 statement of cash flows prepared using the direct method? O $22,000 O $8,000 O $12,000 O $18,000 Hamlet Ltd. adheres to ASPE. On Hamlet Ltd.'s statement of cash flows (indirect method) for calendar 2020, cash flows from operating activities were reported at $154,000. The statement included the following items: depreciation on plant assets of $60,000; impairment of goodwill of $10,000; and cash dividends paid of $72,000. Based only on the information given above, Hamlet's net income for 2020 was O $214,000. O $12,000. O $154,000. $84,000. Ophelia Ltd. reported retained earnings at December 31, 2019 of $270,000, and at December 31, 2020, $218,000. Net income for calendar 2020 was $187,500. During 2020, a stock dividend was declared and distributed, which increased the common shares account by $116,500. As well, a cash dividend was declared and paid during the year. The amount of the cash dividend declared and paid was O $123,000. O $164,500. O $239,500. O $93,000