The following information relates to the Ridge Company: Net Income Depreciation Expense Amortization of Intangible Assets Beginning Accounts Receivable Ending Accounts Receivable Beginning Inventory Ending Inventory Beginning Prepaid Expenses Ending Prepaid Expenses $365,000 96,000 11,000 420,000 439,000 516,000 560,000 48,000 42,000 Beginning Accounts Payable Ending Accounts Payable Purchase of Long-Term Assets with Cash Cash from Issuance of Long-Term Debt Issuance of Stock for Cash Issuance of Stock for Long-Term Assets Purchase of Treasury Stock Assume that the indirect method is used. Net Cash Flows from Operating Activities section will include a line item for: a $44,000 b. $64,000 C. $160,000 d. $(110,000) e. $6,000 Net Income $365,000 Beginning Accounts Payable $119,000 Depreciation Expense 96,000 Ending Accounts Payable 146,000 Amortization of Intangible Assets 11,000 Purchase of Long-Term Assets with Cash 616,000 Beginning Accounts Receivable 420,000 Cash from Issuance of Long-Term Debt 200,000 439,000 Issuance of Stock for Cash Ending Accounts Receivable Beginning Inventory 160,000 516,000 Issuance of Stock for Long-Term Assets 110,000 64,000 Ending Inventory 560,000 Purchase of Treasury Stock Beginning Prepaid Expenses 48,000 Ending Prepaid Expenses 42,000 The Net Cash Flows from Investing Activities section will include a line item for: Select one: a $552,000 b. $(64,000) c. $64,000 d. $616,000 e. $(616,000) Net Income $365,000 Beginning Accounts Payable $119,000 Depreciation Expense 96,000 Ending Accounts Payable 146,000 Amortization of Intangible Assets 11,000 Purchase of Long-Term Assets with Cash 616,000 Beginning Accounts Receivable 420,000 Cash from Issuance of Long-Term Debt 200,000 Ending Accounts Receivable 439,000 Issuance of Stock for Cash 160,000 Beginning Inventory 516,000 Issuance of Stock for Long-Term Assets 110,000 Ending Inventory 560,000 Purchase of Treasury Stock 64,000 48,000 Beginning Prepaid Expenses Ending Prepaid Expenses 42,000 Assume that the indirect method is used. The Net Cash Flows from Financing Activities section will include: Select one: a. $(110,000) b. $64,000 c. $(160,000) d. $200,000 e $110,000 The following information relates to the Ridge Company: Net Income Depreciation Expense Amortization of Intangible Assets Beginning Accounts Receivable Ending Accounts Receivable Beginning Inventory Ending Inventory Beginning Prepaid Expenses Ending Prepaid Expenses $365,000 96,000 11,000 420,000 439,000 516,000 560,000 48,000 42,000 Beginning Accounts Payable Ending Accounts Payable Purchase of Long-Term Assets with Cash Cash from Issuance of Long-Term Debt Issuance of Stock for Cash Issuance of Stock for Long-Term Assets Purchase of Treasury Stock Assume that the indirect method is used. Net Cash Flows from Operating Activities section will include a line item for: a $44,000 b. $64,000 C. $160,000 d. $(110,000) e. $6,000 Net Income $365,000 Beginning Accounts Payable $119,000 Depreciation Expense 96,000 Ending Accounts Payable 146,000 Amortization of Intangible Assets 11,000 Purchase of Long-Term Assets with Cash 616,000 Beginning Accounts Receivable 420,000 Cash from Issuance of Long-Term Debt 200,000 439,000 Issuance of Stock for Cash Ending Accounts Receivable Beginning Inventory 160,000 516,000 Issuance of Stock for Long-Term Assets 110,000 64,000 Ending Inventory 560,000 Purchase of Treasury Stock Beginning Prepaid Expenses 48,000 Ending Prepaid Expenses 42,000 The Net Cash Flows from Investing Activities section will include a line item for: Select one: a $552,000 b. $(64,000) c. $64,000 d. $616,000 e. $(616,000) Net Income $365,000 Beginning Accounts Payable $119,000 Depreciation Expense 96,000 Ending Accounts Payable 146,000 Amortization of Intangible Assets 11,000 Purchase of Long-Term Assets with Cash 616,000 Beginning Accounts Receivable 420,000 Cash from Issuance of Long-Term Debt 200,000 Ending Accounts Receivable 439,000 Issuance of Stock for Cash 160,000 Beginning Inventory 516,000 Issuance of Stock for Long-Term Assets 110,000 Ending Inventory 560,000 Purchase of Treasury Stock 64,000 48,000 Beginning Prepaid Expenses Ending Prepaid Expenses 42,000 Assume that the indirect method is used. The Net Cash Flows from Financing Activities section will include: Select one: a. $(110,000) b. $64,000 c. $(160,000) d. $200,000 e $110,000