Please answer all parts (:

1a. On its income statement for 2021, Alpha Inc. reported a gain of $7,000 from selling equipment. Additional information taken from Alphas general ledger is shown below:

• 1/1/21 balance for equipment $198,000
• 12/31/21 balance for equipment (no equipment was acquired during 2021) 158,000
• Accumulated depreciation-equipment 1/1/21 125,000
• Depreciation expense-equipment for 2021 40,000
• Accumulated depreciation-equipment 12/31/21 140,000

How much cash was received from the sale of Alphas equipment for 2021?

1. $22,000.
2. $47,000.
3. $15,000.
4. $32,000.

1b. Over the three-year period ending on September 26, 2020, which of the following statements is correct for Apple, Inc.?

1. The Company spent $225.924 billion to purchase marketable securities.
2. The Company spent $213.399 billion to purchase its own common stock.
3. A and B.
4. Neither A nor B.

1c. When using the indirect method of reporting operating cash flows, which of the following would be added to net income to arrive at cash provided by operating activities?

1. Unrealized losses related to marketable equity securities.
2. Unrealized losses related to available for sale securities.
3. A and B.
4. Neither A nor B.

1d. Ward Inc. acquired $50,000 of commercial paper issued by Procter & Gamble on December 1, 2021. The commercial paper matures on February 14, 2022. In preparing Wards statement of cash flows for 2021, the acquisition of the commercial paper would:

1. Be reported in the financing activities section.
2. Be reported in the investing activities section.
3. Be reported in the operating activities section.
4. Not be reported on the statement of cash flows.