PART I (Calculations-30 points): Solve the following two questions and show your calculations 1. ABC Inc. reported $32,000 of cash provided by operating activities and the following data: Depreciation Expense $34,000 Increase in accounts payable $9,000 Increase in wages payable $18,000 Increase in accounts receivable $9,000 Decrease in dividends payable $2,000 1 Calculate the ABC company's profit or loss for the period