The changes in each balance sheet account for Carver Corporation during the year just completed are as follows:

Increase Decrease

Cash and cash equivalents $ 3,090

Accounts receivable $ 5,500

Inventory $ 6,600

Prepaid expenses $ 3,240

Long-term investments $ 18,190

Property, plant, and equipment $ 11,220

Accumulated depreciation $ 9,810

Accounts payable $ 8,640

Accrued liabilities $ 5,250

Bonds Payable $ 12,240

Common Stock $ 3,120

Retained Earnings $ 960

Carver Corporation's income statement for the year just ended shows the following:

Income Statement

Sales $ 364,460

Cost of goods sold 197,600

Gross margin 166,860

Selling and administrative expense 165,900

Net income $ 960

The company did not dispose of any property, plant, and equipment, buy any long-term investments, issue any bonds payable, or repurchase any of its own common stock during the year. Carver Corporation uses the direct method to construct its statement of cash flows.

Required:

a. Determine the sales adjusted to the cash basis.

b. Determine the cost of goods sold adjusted to the cash basis.

c. Determine the selling and administrative expenses adjusted to a cash basis.

d. Determine the net cash provided by (used in) operating activities. (Negative amounts should be indicated by a minus sign.)

e. Determine the net cash provided by (used in) investing activities. (Negative amounts should be indicated by a minus sign.)

f. Determine the net cash provided by (used in) financing activities. (Negative amounts should be indicated by a minus sign.)

The changes in each balance sheet account for Carver Corporation during the year just completed are as follows Decrease Increase $ 3,090 $ 5,500 53,240 $ 6,600 $18,190 Cash and cash equivalents Accounts receivable Inventory Prepaid expenses Long term investments Property, plant, and equipment Accumulated depreciation Accounts payable Accrued liabilities Bonds Payable Common Stock Retained Earnings $12,220 $ 9,810 $ 3,640 $ 5,250 $12,240 $ 3,120 5960 Carver Corporation's income statement for the year just ended shows the following Income Statement Sales 5364, 460 Cost of toods sold 197.660 Grossmarin 166,860 Selling and administrative expense 165,900 Het Income 960 The company did nor dispose of any property, plant, and equipment, buy any long term investment cose any bonds payable on repurchase any of its own common stock during the year. Carver Corporation uses the direct method to construit statement of cash flows Required: Determine the sales adjusted to the cath basis b Determine the cost of goods sold adjusted to the cash basis, Determine the selling and administrative expenses adjusted to a cash basis d Determine the net cash provided by used in operating activities (Negative amounts should be indicated by a mine slon Determine the net can provided by used in investing activities. (Negative amounts should be indicated by a minus sign t. Determine the net conh provided by (used in) financing activities. (Negative amounts should be indicated by minus sign Auto sale Adjusted cost of goods sold Ajusted selling and administrative expenses Net cash provided by used in operating activities Net cash provided by used in investing activities Net cash provided by used in tinanong activities