Question 1:

Annapolis Company purchased a $1,000, 7%, 6-year bond at 97 and held it to maturity. The straight line method of amortization is used for both premiums & discounts. What is the net cash received over the life of the bond investment?(all money received minus all money paid, round to nearest whole dollar)

Question 2:

Ocean Pines Company had net income $575,000. They also had depreciation expense of $175,000, an increase or (decrease) in accounts receivable of $30,000, and an increase or (decrease) in inventory of $-25,000. Ocean Pines prepares their Statement of Cash Flows using the indirect method.Use this information to determine the dollar value of cash provided or (used) by operating activities. If the total is a use of cash, enter as a negative number.(a negative number for accountsreceivableor inventory indicates that the balance decreased)