Question 1 The following information regarding Petra company are provided for 2020: - acquiring land for $12000 for cash - collecting $10000 of receivables - issuing shares for $6000 - $750 dividends payment - $30000 income for 2020 - purchase inventory for $23000 cash Suppose cash at 1/1/2020 was $76000, answer the following 2 questions 1- cash flows provided (used) by operating activities, is a-63000 b- (3000) C- 43000 d- 17000 2- cash balance to be reported at 31/12/2020 statement of financial position is a-86250 b- 132250 C-10250 d- none of choices