Q25: Michael's Bakery had $236,400 in net fixed assets at the beginning of the year. During the year, the company purchased $53,200 in new equipment. It also sold, at a price of $22,000, some old equipment that had a book value of $5,900. The depreciation expense for the year was $13,400. What is the net fixed asset balance at the end of the year? A. $260,000 B. $283,700 C. $276,200 D. $270,300 E. $289,600 Q26: During the past year, Yard Services paid $36,800 in interest along with $2,000 in dividends. The company issued $3,000 of stock and $16,000 of new debt. The company reduced the balance due on its old debt by $18,400. What is the amount of the cash flow to creditors? A. $8,200 B. $55,200 C. $2,400 D. $39,200 E. $15,800 Q27: A balance sheet shows beginning values of $56,300 for current liabilities and$289,200 for long- term debt. The ending values are $61,900 and $318,400, respectively. The income statement shows interest paid of $29,700 and dividends of $19,000. What is the amount of the net new borrowing? A. $29,200 B. $40,450 C. $34,800 D. $70,150 E. $58,900