t View Go Tools Window Help CH16.1 Do In Class-4.pdf (page 1 of 3) During its first week, Duffy & Stevenson Company had these transactions. 1.Issued 100,000 shares of $5 par value common stock for $800,000 cash. 2-Borrowed $200,000 from Castle Bank, signing a 5-year note bearing 8% interest. . 3.Purchased two semi-trailer trucks for $170,000 cash. . 4.Paid employees $12,000 for salaries and wages . 5.Collected $20,000 cash for services performed. Classify each of these transactions by type of cash flow activity. Josh's Photo Plus reported net income of $73,000 for 2017. Included in the income statement were depreciation expense of $7,000 and a gain on disposal of equipment of $2,500. Josh's comparative balance sheets show the following balances. 12/31/16 12/31/17 Accounts receivable $17,000 $21,000 6,000 2,200 Accounts payable Calculate net cash provided by operating activities for Josh's PhotoPlus