QUESTION 1 In its most recent financial statements, Westhouse Corp. reported 595 million of net income and S743 million of retained earnings, The previous retained earnings were S690 million. How much dividends were paid to shareholders during the year? a. 50 b.$42 million CS148 million d. S31 million e. $53 million QUESTION 2 Which of the following actions are most likely to directly increase cash as shown on a firm's balance sheet? a. It issues $3 million of new common stock. Ob. It increases the dividends paid on its common stock. Oc. It buys new plant and equipment at a cost of $3 million Od. It reports a large loss for the year. (Assume the loss is not due to a large depreciation expense.) QUESTION 3 Smith and Associates had $75,000 in cash at year-end 2012 and $20,000 in cash at year-end 2013. Cash flow from long-term financing activities totaled S-240,000, and cash flow from operating activities totaled 550,000. What was the cash flow from investing activities? O a. S-95,000 Ob.$ 135,000 Oc$245,000 d. S135,000 O e S-245.000