Question number 6 I know the answer is C but how they calculated the 31000 cash receipt?

3. Operating activities are most closely a. long-term assets. b. current assets and current liabilities. c. long-term liabilities and stockholders' equity d. dividends and treasury stock. 4. Which item does wot appear on a statement of cash flows prepared by the indirect metot a. Collections from customers b. Depreciation expense c. Net income d. Gain on sale of land 5. Leather Shop earned net income of $57,000 after deducting depreciation of $5,00 and all other expenses, Current assets decreased by $4,000, and current liabilities increased by $8,000. How much was Leather Shop's net cash provided by operating activities (indirect method)? a. $40,000 b. $66,000 c. $48,000 d. $74,000 6. The Plant Assets account and Accumulated Depreciation-Plant Assets account of Star Media show the following: Plant Assets 12/31/2017 100,000 Acquisitions 428,000 52,500 Disposals 12/31/2018 475,500 Accumulated Depreciation-Plant Assets Disposals 10,500 34,000 Depr. Exp. 20,000 12/31/2017 43,500 12/31/2018 Star Media sold plant assets at an $11,000 loss. Where on the statement of cash flows should Star Media report the sale of plant assets? How much should the business report for the sale? a. Financing cash flows-cash receipt of $42,000 b. Investing cash flows-cash receipt of $53,000 c. Vnvesting cash flows-cash receipt of $31,000 Investing cash flows-cash receipt of $42,000