Question 1 Based on the following information, what is the Cash Flow from Operations? Net Income = $55.000 Accounts Receivable decreased $13,000, Invertory increased $10,000, PPE Increased $21,000, Accumulated Depreciation increased $15,000. There were no sales of PPE during the year. Accounts Payable decreased $22,000, Wages Payable decreased $10,000, Long-Term Note Payable increased $5,000. There were no repayments of the note payable during the year. Contributed Capital increased $5,000, Retained Earnings increased $10,000, Dividends were declared and paid during the year. O Cash flows from operations were negative O Cash flows from operations were positive but one of these amounts are correct Increase of $41.000 Increase of $20.000 Increase of $21.000 O Increase of $26.000 Question 2 Based on the same information as Question 1. what is the Cash Flow from Investing Activities? Net Income = $55,000 Accounts Receivable decreased $13,000, Inventory increased $10,000, PPE Increased $21,000, Accumulated Depreciation increased $15,000. There were no sales of PPE during the year. Accounts Payable decreased $22,000, Wages Payable decreased $10,000, Long-Term Note Payable Increased $5,000. There were no repayments of the note payable during the year. Contributed Capital increased $5,000, Retained Earnings increased $40,000. Dividends were declared and paid during the year. Decrease of $36,000 Decrease of $6,000 Decrease of $21.000 The net cash flow from Investing was so O None of these amounts are correct. Question 3 Based on the same information as Questions 1& 2. what is the Cash Flow from Financing Activities? Net Income = $55,000 Accounts Receivable decreased $13,000, Inventory increased $10,000, PPE Increased $21,000, Accumulated Depreciation increased $15,000. There were no sales of PPE during the year. Accounts Payable decreased $22,000, Wages Payable decreased $10,000, Long-Term Note Payable increased $5,000. There were no repayments of the note payable during the year. Contributed Capital increased $5,000, Retained Earnings increased $40,000. Dividends were declared and paid during the year. Increase of $10,000 Decrease of $10,000 None of these amounts are correct. Increase of $5,000 Decrease of $5,000