*Please give your answer with clear explanations. Thank you!

1. Under a sales-type lease, the lessor reports cash receipts on the statement of cash flows as part of: Optional Answers: 1. Noncash investing and financing activities 2. Operating activities 3. Investing activities 4. Financing activities 2. Determine the amount paid for inventory: Cost of goods sold $900,000; Inventory Jan.1 $130,000; Dec. 31 \$165,000; Accts Pay. Jan. 1$ 23,000; Dec. 31$35,000 Optional Answers: 1. $923,000 2. $947,000