Solution 4,5,6?

4. What was MVC's net cash inflow from operating activities for 20X7? a) $44,000 b) $45,000 C) $46,000 d) $51,000 5. What was MVC's net cash from investing activities for 20X7? a) $30,000 outflow b) $20,000 outflow c) $15,000 outflow d) $ 7,000 inflow 6. What was MVC's net cash from financing activities for 20X7? a) $19,000 outflow b) $15,000 outflow c) $11,000 inflow lupo etablo d) $26,000 inflowUse the following information to answer Questions 4 to 6. Select information for Meekha's Veterinary Corp. (MVC) appears below: During 20X7, MVC sold equipment that originally cost $40,000 for $30,000. Its net book value at time of sale was $18,000. During 20X7, MVC acquired $10,000 of equipment by issuing bonds payable. During 20X7, MVC acquired $20,000 of equipment by issuing $20,000 of common shares. During 20X7, MVC sold land that originally cost $50,000. Meekha's Veterinary Corp. Income statement For the year ended December 31, 20X7 Sales $350,000 Gain on sale of equipment 12,000 OCO Total revenues $362,000 Depreciation expense 27,000 Other expenses 294,000 Loss on sale of land 5,000 Income tax expense 11,000 Total expenses 337,000 Net income $ 25,000 Meekha's Veterinary Corp. Balance sheet As at December 31, 20X7 Assets 20X9 20X8 Cash $15,000 $10,000 Accounts receivable 42,000 48,000 Inventory 26,000 24,000 Prepaid expenses 5,000 6,000 Equipment (net of accumulated depreciation) 250,000 170,000 Land 250,000 300,000 Total assets $588,000 $558,000 Liabilities and shareholders' equity Accounts payable $43,000 $46,000 Unearned revenue 9,000 11,000 Wages payable 2,000 3,000 Finance lease 20,000 24,000 Bonds payable 160,000 150,000 Common shares 250,000 200,000 Retained earnings 104,000 124,000 Total liabilities and shareholders' equity $588,000 $558,000