Question 1 1 pts The Kroger Company headquartered in Cincinnati Ohio reported following information. Kroger uses the indirect method to compile the Statement of Cash Flows. Calculate the net cash provided or used by operating activities: Net income $85,300 Depreciation expense 12,000 Gain on sale of land 7,500 Increase in merchandise inventory 2,050 Increase in accounts payable 6,150 O $93,900. O $85,700. O $69,900. $81,600. O $108,900. Question 2 1 pts The following transaction is reported by The Kroger Company headquartered in Cincinnati Ohio. Cutting machine with a cost of $90,000, current year depreciation expense of $9,000 and accumulated depreciation of $18,000 is sold for $60,000 cash. The amount(s) that should be reported in the investing section of the statement of cash flows is: O $90,000. O $18,000. O $0 O $60,000. O $9,000. Question 3 1 pts The Kroger Company headquartered in Cincinnati Ohio reports the following amounts on its statement of cash flow: Net cash provided by operating activities was $28,000; net cash used in investing activities was $10,000 and net cash used in financing activities was $12,000. If the beginning cash balance is $5,000, what is the ending cash balance? O $31,000. O $45,000. O $11,000. $55,000. O $6,000