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Please answer within the hour 1a. Jordan's net income for the year ended December 31, Year 2 was $203,000. Information from Jordan's comparative balance sheets

Please answer within the hour

1a. Jordan's net income for the year ended December 31, Year 2 was $203,000. Information from Jordan's comparative balance sheets is given below. Compute the cash received from the sale of its common stock during Year 2.

At December 31 Year 2 Year 1
Common Stock, $5 par value $ 518,000 $ 466,200
Paid-in capital in excess of par 966,000 869,200
Retained earnings 706,000 598,200

$107,800.

$203,000.

$148,600.

$51,800.

$96,800.

1b. Salah's net income for the year ended December 31, Year 2 was $199,000. Information from Salah's comparative balance sheets is given below. Compute the cash paid for dividends during Year 2.

At December 31 Year 2 Year 1
Common Stock, $5 par value $ 514,000 $ 462,600
Paid-in capital in excess of par 962,000 865,600
Retained earnings 702,000 594,600

$96,400.

$147,800.

$91,600.

$107,400.

$51,400.

1c. Mayweather reports net income of $317,500 for the year ended December 31. It also reports $100,200 depreciation expense and a $10,750 loss on the sale of equipment (a long-term asset). Its comparative balance sheet reveals a $43,200 increase in accounts receivable, a $10,950 decrease in prepaid expenses, a $16,450 increase in accounts payable, a $13,500 decrease in wages payable, a $80,500 increase in equipment (a long-term asset), and a $107,500 decrease in notes payable (a long-term liability). Calculate the net increase in cash for the year.

Group of answer choices

$221,900.

$399,150.

$291,650.

$211,150.

$318,650.

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