questions 1-5 please!!
2. The following are comparative balance sheets and an income statement for Wentworth Comnanv. Wentworth Company Income Statement For the Year Ended December 31, 2024 All purchases and sales of inventory are on account. Prepare a statement of cash flows for 2024 using the direct method. 3. When a statement of cash flows is prepared using the indirect method, what items will be included in the Adjustments for Non-Cash items? a. b. c. d. 4. When a statement of cash flows is prepared using the direct method, how is the adjustment for depreciation expense shown? a. An addition to net income b. A reduction to net income c. It is ignored on the direct method d. Need more information 5. Snazzy Shoes, Inc. purchases a new piece of machinery for $100,000. The company pays $30,000 as a down payment and finances the rest of the purchase. How will the company report this transaction on the statement of cash flows? a. $100,000 outflow in the investing section b. $100,000 outflow in the investing section and a disclosure note on the transaction c. $30,000 outflow in the investing section d. $30,000 outflow in the investing section and a disclosure note on the transaction 1. The Murdock Corporation reported the following balance sheet data for 2024 and 2023: Additional information for 2024: 1. Sold available-for-sale debt securities costing $75,000 for $80,600. (Cash from this transaction will be in Investing activities, but don't forget to adjust for the gain in Operating.) 2. Equipment costing $20,000 with a book value of $6,100 was sold for $7,650. 3. Issued 6% bonds payable at face value, $211,000. 4. Purchased new equipment for $156,000 cash. 5. Paid cash dividends of $25,500. 6. Net income was $61,000. All purchases and sales of inventory are on account. Prepare a statement of cash flows for 2024 in good form using the indirect method for cash flows from operating activities