Suppose that produced and sold 4,800 laptop compur cash provided by operating activities. in order to dividends. ops, Morgan invested in $8,800 in equipment Morgan paid $2.400 is Morgan's free cash fown 241,000 $238 600 d. $230,000 2. Powell's Courier 85,000 fo0 125 oovice recorded a los of $10,000 when It sold a van hat originaly cost ooumulated depreciation on the van must have been a. $78,000. b. $24,000. c. $75,000 d. $60,000, e. None of the above. 3. Karl Corporation shares at $25 per share was organized on January 2, 2018. During 2018, Karl issued 40,000 , purchased 5,000 shares of treasury stock at $30 per share, and net income of $600,000. What is the total amount of stockholders' equity at December 31, 20187 a. $1,600,000 b. $1.750,000 c. $1,450,000 d. $1,440,000 e. None of the above 4. The following data is available for Blaine Corporation at December 31, 2018: Common stock, par $10 (authorized 30,000 shares) Treasury Stock (at cost $20 per share) $240,000 900 Based on the data, how many shares of common stock are outstanding? a. 24,000 b. 24,955 c. 29,940 d. 24,940 e. None of the above 5.The following data is available for Blaine Corporation at December 31,2018: Common stock, par $25 (authorized 30,000 shares) Treasury Stock (at cost $15 per share) $250,000 $900 Based on the data, how many shares of common stock have been issued? a. 24,940 b. 25,000 c. 29,940 d. 24,955 e. None of the above