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10. The following information was taken from the records of McDyce Corporation for the year ended December 31, 2010: Dividends paid Service revenue Accounts payable Capital stock Total expenses Retained earnings (1/1/10) $ 6,400 45,250 69,875 189,375 33,500 21,700 The net income at December 31, 2010 was a. $11,750 b. $27,050 c. $21,700 d. $36,375 During the month, Meridian Company had the following cash transactions: Cash collected from customers Cash received from a loan Cash paid for wages payable Cash paid for the purchase of a building Cash received for the issuance of new shares of stock Cash received from sale of land Cash paid for rent Cash paid for dividends $12,500 8,000 (5,750) (15,000) 2,600 6,400 (2,500) (1,500) a. 11. Given the above information, compute cash flow from operating activities. $4,250 b. $20,750 c. $15,750 d. $9,250 a. 12. Given the above information, compute cash flow from investing activities. $4,250 b. ($4,250) C. ($8,600) d. $8,600 the records of Hart Corporation