Taylor Company reports net income of $503,000 and Depreciation Expense of $14,000 for the year ending December 31, 2023. No long-term assets were sold or exchanged during 2023. They also have the following data available: December 31, 2023 December 31, 2022 Current Assets: Cash $90,000 $80,000 Accounts Receivable $88,000 111,000 Inventory $45,000 46,000 Total Current Assets $223,000 $237,000 Current Liabilities: Accounts Payable Salaries Payable Total Current Liabilities $21,000 $34,000 63,000 88,000 $84,000 $122,000 Using the indirect method, what is the net cash provided by operating activities for the year ending December 31, 2023? A) $517,000 B) $465,000 C) $503,000 D) $489,000 If. $410,000 of bonds are issued during the year and $80,000. of bonds are retired during the year, the statement of cash flows (indirect method) will show a(n): A) net decrease in cash of $330,000 in the operating activities section. B) net gain on retirement of bonds of $330,000 in the financing activities section. net increase in cash of $330,000 in the operating activities section. D) increase in cash of $410,000 in the financing activities section and a decrease in cash of $80,000 in the financing activities section: On the statement of cash flows, financing activities involve: A) purchasing investments... C) borrowing by signing a long-term note. B) lending money. D) acquiring long-term assets. On the statement of cash flows, investing activities include: A) collecting cash on long-term loans. Cselling stock to stockholders. B) repaying borrowed money. D) obtaining cash from creditors.. Jerome Smith, Inc. began the year with $269,000 in accounts receivable and ended the year with $242,700 in accounts receivable. Sales for the year were $3,970,000. The cash collected from customers during the year amounted to: A) $3,943,700. B) $4,212,700. C) $4,481,700.. D) $3,996,300. Net cash provided by operating activities is $3.7 million. Planned capital expenditures are $3 million. Depreciation expense is $1.5 million per year. What is free cash flow? A) $1,500,000 B) $2,200,000 C) ($800,000) D) $700,000