Question 16 2.5 pts The accounting records of Snapdog Enterprises include the following information: Category December 31, December 31, 2018 2017 Accounts payable $12,800 $13,200 Accounts receivable 24.000 21,700 The company's income statement for 2018 appears below. Category Value Sales $280,000 Cost of goods sold 150,000 Depreciation expense 15,000 Other operating expenses 68.000 Loss on sale of plant asset 10.200 Income taxes 24,000 Net income $12,800 What amount of net cash provided by operating activities will Snapdog Enterprises report for 2018 using the indirect method? O $35,300 O $25,900 O $36,100 O $39,900Question 18 2.5 pts Selected information from the 2018 and 2017 accounting records of Hinley Roofing is provided below: Category December 31, December 2018 31, 2017 Net cash provided $38,000 $39,000 (used) by operations Net cash provided (22,000) 14,000 (used) by investing activities Net cash provided (15,000) (26,000) (used) by financing activities Cash balance at end of 15,000 year At the end of 2018, how much is Riddle's cash balance? O $16,000 O $40,000 O $28,000 O $43,000Question 19 2.5 pts Why is a decrease in accounts receivable added to net income when determining cash provided by operating activities? Cash collections from customers were greater than the sales generated O Cash collections increased due to an increase in sales O Cash collections decreased due to a decline in sales O Cash collections from customers were less than the sales reported