The Smirnoff Corporation prepared the following comparative balance sheets at December 31 2022 and 2021 Cash Marketable securities Accounts receivable Inventory Prepaid insurance Land, buildings, and equipment Accumulated depreciation Total assets 12/31/22 $ 77,375 15,500 80,000 165,000 1,500 1,250,000 (610,000 $ 979,375 12/31/21 $ (22,955 ) 85,000 68,250 145,000 2,000 1,125,000 (572,000) 830,295 $ 102,760 24,500 75,000 Accounts payable Salaries payable Notes payable Bonds payable Common stock Retained earnings Total liabilities and shareholders' equity 76,340 20.000 25.000 200,000 300.000 358.035 300,000 328,035 830,295 Additional information for the year ended December 31, 2022: (Sold available-for-sale securities costing $ 69,500 for $74,000 (2.) Equipment costing $20,000, with a book value of $5,000, was sold for $6,000. (3.) Issued 6% bonds payable at par. (4. Repaid a portion of a long term bank Joan. (S i ) Purchased new equipment for $ 145,000 cash. (6.) Paid cash dividends of $20,000. (7.) Net income for 2022 was $50,000. (8.) Smimoff prepares its cash flows statement under the indirect method. flows from operating activities on the cash flows statement for 2022 are? ANegative \$17,671 . -B) Positive $35,330. C ) Positive $ 39,830 0, - CH D) Negative $70,670. Net cash flows from investing activities on the cash flows statement for 2022 are? A) Negative $225,000. Negative $ 65,000.- Negative $70.500. D) Negative $145,000. ) Net cash flows from financing activities on the cash flows statement for 2022 are? A ) Negative $130,000. B) Positive $ 150,000.- C) Positive $130,000. DNegative $70,000.

Use the following to answer questions 5 through 7: 0 1.109 YTMUMMOS NOSSIAD HOTHI HI ONIITALOSSA STAICHIMSFTTHI . SOS The Smirnoff Corporation prepared the following comparative balance sheets at December 31, 2022 and 2021: $ 77,375 is tesd ofdo 12/31/21 Cash .rodman noittoup and of Ixse anil ath to it panda 12/31/22 $ (22,955 Marketable securities 85,000 Heso Accounts receivable sparlong gnagmoo a now :wol 15,500 80,000 Insroshare sd 68,250 Inventory vlivitos guilt 165,000 145,000 Prepaid insurance Wivina guil 1,500 Land, buildings, and equipment 1,250,000 anoqall 2,000 Accumulated depreciation (610,000 ) hogsst 1,125,000 (572,000 ) Total assets ewoll daro to inomsis $ 979,375 $ 830,295 gail Accounts payable those s elloe voogmos s nadw saw 76,340 $ 102,760 Salaries payable 20,000 24,500 Notes payable Vliveon gnies9 25.000 75,000 Bonds payable clivitos gning 200,000 Common stock . divitos gnion 300,000 300,000 Retained earnings awoll dena to insmamie 358,035 328,035 Total liabilities and shareholders' equity $ 979,375 $ 830,295 Additional information for the year ended December 31, 2022: (1.) Sold available-for-sale securities costing $69,500 for $74,000. (2.) Equipment costing $20,000, with a book value of $5,000, was sold for $6,000. ( 3. ) Issued 6% bonds payable at par. (4. ) Repaid a portion of a long term bank loan. (5.) Purchased new equipment for $145,000 cash.d to memomale or a( (6.) Paid cash dividends of $20,000. on of amomleu be bottom Joanibri ads (7.) Net income for 2022 was $50,000. hol codibbs nA (A (8. ) Smirnoff prepares its cash flows statement under the indirect method. 5. Net cash flows from operating activities on the cash flows statement for 2022 are? A) Negative $17,670. Positive $35,330. Positive $39,830. - CA Negative $70,670. 6. Net cash flows from investing activities on the cash flows statement for 2022 are? A) Negative $225,000. C -B) Negative $65,000. -C C) Negative $70,500. Negative $145,000. 7. Net cash flows from financing activities on the cash flows statement for 2022 are? Negative $130,000. Positive $150,000. ~ C Positive $130,000. Negative $70,000