The net income reported on the income statement for the current year was $297,269. Depreciation recorded on fixed assets and amortization of patents for the year were $37,190 and $11,737, respectively. Balances of current asset and current liability accounts at the end and at the beginning of the year are as follows:

	End	Beginning
Cash	$36,566	$50,350
Accounts receivable	$108,615	$125,082
Inventories	$95,581	$109,223
Prepaid expenses	$8,043	$3,932
Accounts payable (merchandise creditors)	$67,698	$50,727

What is the amount of cash flows from operating activities reported on the statement of cash flows prepared by the indirect method?

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$389,165

$322,289

$376,305

$307,304

If $1,108,000 of 9% bonds are issued at 102 1/2, what is the amount of cash received from the sale?

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$1,108,000

$1,135,700

$1,207,720

$831,000

Treasury stock that had been purchased for $3,658 last month was reissued this month for $5,152. What would the journal entry to record the reissuance include?

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Credit to Excess of Par/Common for $1,494

Treasury Stock for $3,658

Credit to Treasury Stock for $1,494

Debit to Treasury Stock for $3,658

Land costing $71,050 was sold for $95,185 cash. The loss on the sale was reported on the income statement as other expense. On the statement of cash flows, what amount should be reported as an investing activity from the sale of land?

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$24,135

$71,050

$166,235

$95,185

Loster Company reported a net loss of $14,039 for the year ended December 31, 2010. During the year, accounts receivable decreased by $4,319, merchandise inventory increased by $7,370, accounts payable increased by $13,496, and depreciation expense of $6,749 was recorded. What was the net cash used for or provided by operating activities during the year 2010?

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provided net cash of $14,039.

provided net cash of $3,155.

used net cash of $14,039.

used net cash of $3,155.