QUESTION 7 The Bi-Out Company had a net loss of $225,000 in 2015. The following additional information also was provided: Dividends declared but not paid $40,000 Increase in accounts payable $30,000 Proceeds from the sale of convertible preferred stock $50,000 Depreciation expense $100,000 Proceeds from the sale of bonds $50,000 What was net change in the company's cash during 2015? O a. $5,000 O b. $55,000 O c. $255,000 O d. -$35,000 QUESTION 8 An inflow of cash would result from which of the following? a. The increase in an asset account other than cash. b. The decrease in an asset account other than cash. c. The decrease in an equity account. O d. The decrease in a liability account