Tabares Corporation had these transactions during 2020. Indicate whether each transaction is an operating activity, investing activity, financing activity or noncash investing and financing activity. (a) Issued $50,000 par value common stock for cash. (b) Purchased a machine for $30,000, giving a long-term note in exchange. (c) Issued $200,000 par value common stock upon conversion of bonds having a face value of $200,000. (d) Declared and paid a cash dividend of $18,000. (e) Sold a long-term investment with a cost of $15,000 for $15,000 cash (f) Collected $16,000 from sale of goods. (g) Paid $18,000 to suppliers. Exerelse 17-05 (Video) Your answer is partially correct. Try again. The current sections of Scoggin Inc.'s balance sheets at December 31, 2019 and 2020, are presented here. Scoggin's net income for 2020 was $150,000. Depreciation expense was $23,000. 2020 2019 Current assets Cash Accounts receivable Inventory Prepaid expenses $100,000 107,000 157,000 26,000 $390,000 $95,000 77,000 171,000 25,000 $368,000 Total current assets Current liabilities Accrued expenses payable Accounts payable $14,000 84,000 $98,000 $8,000 95,000 $103,000 Total current liabilities Prepare the net cash provided by operating activities section of the company's statement of cash flows for the year ended December 31, 2020, using the indirect method. (Show amounts that decrease cash flow with either a -sign e.g.-15,000 or in parenthesis e.g. (15,000).) SCOGGIN INC Partial Statement of Cash Flows or the Year Ended December 31, 2020 Cash Flows from Opera 150000 Net Incom Adjustments to reconcile net income to Net Cash Provided by Operating Activities sbr Here are comparative balance sheets for Velo Company. Velo Company Comparative Balance Sheets December 31 Assets Cash Accounts receivable Inventory Land Equipment Accumulated depreciation-equipment 2020 $73,200$33,400 86,000 170,500 186,600 72,800 100,900 259,100 199,300 (65,600) (34,400) 2019 71,500 Total Liabilities and Stockholders' Equity Accounts payable Bonds payable Common stock ($1 par) Retained earnings $596,000 $557,300 $47,100 203,600 176,000 130,600 $596,000 $557,300 $35,000 150,800 214,100 196,100 Total Additional information: 1. Net income for 2020 was $104,900. 2. Cash dividends of $39,400 were declared and paid 3. Bonds payable amounting to $52,800 were redeemed for cash $52,800 4. Common stock was issued for $38,100 cash. 5. No equipment was sold during 2020, but land was sold at cost. Prepare a statement of cash flows for 2020 using the indirect method. (Show amounts that cash flow ith either a-sign e.g. -15,000, or in parenthesis e.g.(15,00o).) Velo Company *Problem 17-03A (Video) The income statement of Whitlock Company is presented here WHITLOCK cOMPANY Income Statement For the Year Ended November 30, 2020 Sales revenue $7,522,100 Cost of goods sold $1,869,400 4,492,900 6,362,300 1,321,200 Beginning inventory Purchases Goods available for sale Ending inventory Total cost of goods sold Gross profit Operating expenses Net income 5,041,100 2,481,000 1,112,800 $1,368,200 Additional information: Accounts receivable increased $204,100 during the year, and inventory decreased 1. $548,200 2. Prepaid expenses increased $166,800 during the year. 3. Accounts payable to suppliers of merchandise decreased $346,900 during the year. 4. Accrued expenses payable decreased $109,600 during the year. 5. Operating expenses include depreciation expense of $86,100 Prepare the operating activities section of the statement of cash flows for the year ended November 30, 2020, for Whitlock Company, using the indirect method. (Show amounts that decrease cash flow with either a - sign e.g.-15,000 or in parenthesis e.g. (15,000).) Condensed financial data of Cheng Inc. follow. CHENG INC. Balance Sheets December 31 Assets Cash Accounts receivable Inventory Prepaid expenses Investments Equipment Accumulated depreciation-equipment 2020 2019 $104,700 $47,800 91,00034,000 112,600 101,700 29,300 25,800 113,000 264,300 242,200 140,6001 (47,800) (52,900) Total $694,700 $511,600 Liabilities and Stockholders' Equity Accounts payable Accrued expenses payable Bonds payable Common stock Retained earnings 111,800 $67,400 16,000 17,100 115,600 149,500 220,700 175,900 230,600 101,700 $694,700 $511,600 Total CHENG INC. Income Statement For the Year Ended December 31, 2020 $391,400 Sales revenue Less: Cost of goods sold Operating expenses, excluding depreciation Depreciation expense Income tax expense Interest expense Loss on disposal of plant assets $134,600 12,300 33,200 26,800 4,400 7,500 218,800 $172,600 Net income Additional information: 1. New equipment costing $80,900 was purchased for cash during the year. 2. Old equipment having an original cost of $58,800 was sold for $13,000 cash. 3. Bonds matured and were paid off at face value for cash. 4. A cash dividend of $43,700 was declared and paid during the year. Pregare a statement of cash flows using the indirect method. (Show amounts that dec