Question 19 0.5 pts Use the following infor lon to answer the next (2) questions: SPARKY Company Comparative Balance Sheets For the Years Ended 20x2 and 20x1 20x2 20x1 $ 3,100 Cash S Accounts Receivable 3,300 3,000 Inventories 8,500 8,000 Land 27,000 22,000 Plant and Equipment 55,000 40,000 Accumulated Depreciation (19,100). (19.000) $77.800 $ ? Total Assets Accounts Fayable $ 5,200 $ 6,000 Interest Payable 1,900 C Bonds Payable 10,000 0 Common Stock 16,000 12,000 APIC-C.S. 12,000 8,000 Retained Eamings 32,700 29.000 Total Debt & Equity $77,800 7 Additional Information: 1. Net Income for 20x2 was $4,000 2. Equipment with a cost of $2,000 and a book value of $100 was sold for $400 during 20x2. 3. Equipment was purchased for cash during the year 4. Land that cost $3,000 was sold for a loss of $200. 5. Additional land was acquired through the issuance of 160 additional shares of stock when the market price was $50 per share 6. Dividends were declared and paid. 7. Bonds payable maturing in five years were issued at their face value. Required: Determine Cash Flow from Operating Activities for 20x2? $ Required: Determine Cash Flow from Operating Activities for 20x2? $ $5,700 $5,900 $6,000 $6,200 Question 20 0.5 pts USING THE INFORMATION PRESENTED IN #19 ABOVE, ANSWER THE FOLLOWING: What was the net Change in Cash for 20x2? $ $1,000 increase O $1,200 increase O $2,100 increase $2,300 increase