Ryan Hope, controller of Hope, Inc. provides you with the following information concerning all transactions during 2009. Hope, Inc. began operations on January 1, 2009.

1. Issued 1,000 shares of common stock at $95 per share.

2. Paid $2,600 every month to rent office and warehouse space. Rent was paid on the last day of each month.

3. Made total sales for services of $190,000: $65,000 for cash and $125,000 on account.

4. Purchased land for $32,000 in cash.

5. Borrowed $75,000 on December 31. The note payable matures in two years.

6. Salaries totaling $80,000 were paid during the year. Use a separate expense line for each expense both on the worksheet and on your formatted income statement.

7. Other expenses totaling $40,000 were paid during the year.

8. $56,000 was received from customers to whom sales had been made on account.

9. Declared and paid a dividend of $26,000.

A) True or False: On the accounting worksheet the rent expense item should show as a negative number. On the formatted income statement the rent expense item should show as a positive number

B) What is the cash from operations for the period?

C) What is the cash for investing activities for the period?

D) What is the cash from financing activities for the period?