Please answer questions 1, 2, and 3 of this problem--showing relevant calculations, not just the final answers.

5-36 E O P1| Foundations of Financial Accounting PRACTICE EXERCISES Classifying Cash Flows The company provided the following information. (a) Cash sales for the year were $50,000; sales on account totaled $60,000. (b) Cost of goods sold was $55,000 (c) All inventory is purchased on account. (d) Depreciation on building was $31,000 for the year (e) Depreciation on equipment was $2,000. () Cash collections of accounts receivable were $38,000 (g) Cash payments on accounts payable for inventory equaled $39,000 (h) Rent expense paid in cash was $11,000. 0) 20,000 shares of common stock were issued for $240,000 in cash. G) Land valued at $106,000 was acquired in exchange for signing a mortgage note payable (k) Equipment was purchased for cash at a cost of $84,000 (1) Dividends of $46,000 were declared but not yet paid. (m) $15,000 of dividends that had been declared the previous year were paid in cash. (n) Interest totaling $16,000 was paid in cash during the year (o) A machine used on the assembly line was sold for $12,000 in cash. The machine had a book value of Practice 5-1 $7,000. (p) On January 1, the company entered into an operating lease to secure the use of a building having a 1. 2. 3. cash price of $200,000. The first lease payment of $19,000 in cash was made on January1 Compute cash from operating activities. Compute cash from investing activities. Compute cash from financing activities