Question 30 2 pts White Corporation uses the FIFO method for internal reporting purposes and LIFO for external reporting purposes. The balance in the LIFO Reserve account at the end of 2012 was $120,000. The balance in the same account at the end of 2013 is $180,000. White's Cost of Goods Sold account has a balance of $900,000 from sales transactions recorded during the year. What amount should White report as Cost of Goods Sold in the 2013 income statement? $1,080,000 $960.000. $900,000. $840,000 Question 31 10 pts Statement of Cash Flows - Matching (2 points each): Statement of Cash Flows - Matching (2 points each): For each event listed below, select the appropriate category which describes the effect of the event on a statement of cash flows: Cash provided or used by operating activities - add to net income Choose) [Choose] Cash provided/used by investing activities Payment on long-term debt Issuance of stock to acquire land Cash provided/used by financing activities. Gain on Sale of Plant Assets Collection of accounts receivable Not a cash flow. [Choose] Cash provided or used by operating activities - subtract from net income [Choose) D Question 32 10 pts