Preferred stock issued in exchange for land would be reported in the statement of cash flows in: Select one: O a. Cash flows from investing activities section O b. Cash flows from operating activities section O c. Cash flows from financing activities section. O d. Schedule of noncash investing and financing activities On the statement of cash flows, the cash flows from investing activities section would include: Select one: O a Cash received from sale of long term investments, O b. Acquisition of equipment by issuing a note payable. O c. Cash received from the issuance of capital stock. O d. Gain on sale of building Sales for the year were $700,000. Accounts receivable were $100.000 at the beginning of the year and $80,000 at the end of the year. Cash received from sales for the year was Select one O a $720,000 O b. 5680,000 O $700,000 Od 5780.000 The cost of merchandise sold during the year was $60,000 Merchandise inventories were $14.500 at the beginning of the year and 512,500 at the end of the year. Accounts payable, which are used only for purchases of inventory, were the beg g e the year and 7.000 t the end of the yew Based on this information what was the forco d e for the Select one O a $57,000 O b. 559.000 O $61.000 Od 563.000