Question 26 (3 points) Groovy Goods has beginning inventory for the year of $28,000. During the year, Groovy purchases inventory for $230,000 and has cost of goods sold equal to $233,000. Groovy's ending inventory equals: a) $69,000 Ob) $97,000 O c) $125,000 d) $121,000 e) $128,000. Question 27 (3 points) A company had the following cash flows for the year. (a) Purchased inventory, $60,000 (6) Sold goods to customers, $90,000 (c) Received loan from a local bank, $150,000 (d) Purchased land, $180,000 e Purchased treasury stock, $40,000 (1) Paid dividends, $10,000 Sold delivery truck, $30,000 What amount would be reported for net investing cash flows in the statement of cash flows? Question 28 (3 points) The following information pertains to Alpha Computing at the end of 2021: Assets Liabilities Net Income Common Stock $ 970.000 $ 560,000 $ 90,000 $ 350,000 Alpha Computing's Retained Earnings account had a zero balance at the beginning of 2021. What amount of dividends did the company declare in 2021? a) $30,000 Ob) $150,000 Oc) $80,000. d) $280,000 Question 29 (3 points) A company purchases its inventory from suppliers on account. During the year, its Inventory account increased by $10 million and its accounts payable to suppliers decreased by $3 million. If cost of goods sold was $440 million, its cash outflows to inventory suppliers totaled: a) $447 million O b) 5453 million Oc) $427 million. d) 5433 million Question 30 (3 points) Purchases of inventory during the year were $175,000. At the end of the year, ending inventory is $230,000 and cost of goods sold is $295,000. What was beginning inventory? a) $230,000 Ob) $350,000 OC) $110,000 d) $175,000. Question 31 (3 points) A truck has a cost of $55,000, an estimated residual value of $5,000, and an estimated useful life of four years. The machine is being depreciated on a straight-line basis. At the end of the second year, what amount will be reported for accumulated depreciation? a) $25,000 Ob) $30,000 c) $22,500 d) $27,500