Please see attached. I need to know the work flow/how the problems were answered.

Thunderbird Computers went into business on July 1, 2015 selling computers and computer supplies. The comp had the following transactions during the months of July, August, and September of 2015: July 1 - Thunderbird sold stock for a total of $5,000. July 1 - Thunderbird borrowed $8,000 from the bank. No payments will be made until July 1, 2019, and at that tim the company will owe $12,800. August 1 - Purchased six months of insurance for $1,200 cash. August 9 - Bought inventory for $40,000 on account. August 28 - Bought land for $3,000 cash. September 1 - Bought equipment for $6,000 cash. The expected life is ten years with no salvage value. September 6 - Sold $5,000 of inventory for $12,000 on account. September 9 - Sold two thirds of land, originally cost of $2,000, for $2,500 in cash. September 25 - Collected one half of accounts receivable. September 16 - Paid $10,000 on accounts payable. September 30 - Received a utility bill for $2,000 for utilites used through Sept. This bill will be paid in October. 18 19 20 21 22 23 24 25 How much were current assets at September 30th? a $42,500 b $43,100 c $49,100 d $41,900 e None of the above How much were investing cash flows for the quarter? a ($6,500) b ($9,000) c ($7,000) d ($500) e None of the above How much were current liabilities at September 30th? a $32,000 b $22,000 c $30,000 d $30,050 e None of the above How much were financing cash flows for the quarter? a $5,000 b $8,000 c $3,000 d $13,000 e None of the above How much was gross profit for the quarter? a $4,450 b $4,150 c $7,000 d $3,950 e None of the above How much were total net fixed assets at September 30th? a $8,950 b $6,950 c $9,000 d $7,000 e None of the above How much were long-term liabilities at September 30th? a $8,000 b $8,300 c $40,600 d $40,000 e None of the above How much were operating cash flows for the quarter? a ($11,200) b ($4,000) c ($5,200) d ($1,200) e None of the above Use the following information to answer questions 26 through 34: (Answer each question independently These are end-of-the-year amounts.) 2014 2015 2014 2015 Cash $600 $1,400 Accounts payable $2,100 $2,500 Accounts receivable $4,000 $3,600 Utilities payable $800 $1,100 Inventory $7,200 $8,600 Salaries payable $600 $400 Prepaid rent $1,400 $1,700 Notes payable $8,000 $10,000 Equipment Accum. depreciation Land $14,600 $14,600 ($2,200) ($3,200) $3,400 $6,100 $29,000 $32,800 Interest payable Common stock Retained earnings $100 $10,000 $7,400 $29,000 $300 $10,000 $8,500 $32,800 26 How much was inventory was purchased during 2015 if $47,000 was paid to suppliers? a $46,600 b $48,000 c $48,800 d $47,400 e None of the above 27 How much was paid in rent if rent expense during 2015 was $12,000? a $13,700 b $12,300 c $12,000 d $11,700 e None of the above How much were financing cash flows if net income during 2015 was $2,000? a $1,100 b $9,100 c ($900) d $2,000 e None of the above How much was paid to suppliers if cost of goods sold was $64,000 during 2015? a $64,400 b $63,000 c $65,000 d $65,400 e None of the above 28 29 30 How much was paid for additional land during 2015 if land that had originally been purchased for $1,500 was sol for a $800 gain during the year? a $3,400 b $1,900 c $2,300 d $4,200 e None of the above 31 What was the company's debt-to-equity ratio for the year 2015? a 79.67% b 72.14% c 77.30% d 162.89% e 62.70% How much was salary expense if $36,000 was paid in salaries during 2015? a $36,200 b $36,000 c $36,600 d $36,400 e None of the above What was the company's return on equity for 2015 if $2,000 was paid in dividends? a 75.14% b 106.92% c 14.39% d 17.27% e 79.89% 32 33 34 How much were investing cash flows if land that had been purchased in a prior year was sold during this year for $3,500, which was a $1,500 gain? a ($700) b ($2,700) c ($1,200) d ($4,700) e None of the above puter supplies. The company uly 1, 2019, and at that time o salvage value. will be paid in October. None of the above None of the above None of the above None of the above None of the above None of the above None of the above None of the above question independently. None of the above None of the above None of the above None of the above chased for $1,500 was sold None of the above None of the above as sold during this year None of the above