Please answer within the hour 1a A company's Inventory balance at the end of the year was $198,800 and $212,000 at the beginning of the year Its Accounts Payable balance at the end of the year was $96,000 and $90,800 at the beginning of the year, and its cost of goods sold for the year was $732,000 The company's total amount of cash payments for merchandise inventory during the year equals a $724,000 b $732,000 c $750,400 d $713,600 e $740,000 1b Use the following information to calculate cash paid for income taxes during the year Income tax expense $ 68,000 Income tax payable, January 1 16,600 Income tax payable, December 31 20,200 a $68,000 b $84,600 c $31,200 d $64,400 e $88,200 1c An examination of the company's income statement showed the following net income, $125,000 depreciation expense, $35,500 and gain on sale of long term plant assets, $9500 An examination of the company's current assets and current liabilities showed the following changes accounts receivable decreased $10,500 merchandise inventory increased $23,500 prepaid expenses increased $7,300 accounts payable increased $4,500 Using the indirect method, calculate the net cash provided by or used by operating activities a $147,800 b $154,600 c $175,800 d $149,800 e $135,200

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Please answer within the hour 1a. A company's Inventory balance at the end of the year was $198,800 and $212,000 at the beginning of the

Please answer within the hour 1a. A company's Inventory balance at the end of the year was $198,800 and $212,000 at the beginning of the year. Its Accounts Payable balance at the end of the year was $96,000 and $90,800 at the beginning of the year, and its cost of goods sold for the year was $732,000. The company's total amount of cash payments for merchandise inventory during the year equals: a. $724,000 b. $732,000 c. $750,400 d. $713,600 e. $740,000

1b. Use the following information to calculate cash paid for income taxes during the year:

Income tax expense	$	68,000
Income tax payable, January 1		16,600
Income tax payable, December 31		20,200

a. $68,000 b. $84,600 c. $31,200 d. $64,400 e. $88,200

1c. An examination of the company's income statement showed the following: net income, $125,000; depreciation expense, $35,500; and gain on sale of long-term plant assets, $9500. An examination of the company's current assets and current liabilities showed the following changes: accounts receivable decreased $10,500; merchandise inventory increased $23,500; prepaid expenses increased $7,300; accounts payable increased $4,500. Using the indirect method, calculate the net cash provided by or used by operating activities.

a. $147,800 b. $154,600 c. $175,800 d. $149,800 e. $135,200