A company had the following transactions during the year. 1. Paid rent for the next two years, $8,700, 2. Purchased office supplies on account, $3,100. 3. Purchased equipment, paying $10,000 cash and issuing a note payable for $8,000. 4. Borrowed from the bank, $6,600. 5. Paid employee salaries, 57.100 6. Paid $1.200 on account related to transaction 2 above 7. Paid dividends to stockholders, $3,100 8. Sold land for $10,300 that was purchased in a prior year for $7100 9. Collected cash from customers for services provided $25,000 Calculate cash flows from operating activities, investing activities, and financing activities (Cash outlows should be indicated with a minus sign.) Operating activities Investing activities Financing activities A company reports the following amounts. Assets = $7,300, Liabilities = $4,000, Stockholders' equity = $3,300, Dividends = $800, Revenues = $5,300, and Expenses = $3,500. What amount is reported for net income? Net Income The following data are taken from the cash-basis accounting records of Myerson Company for the year ended December 31, 2021 Selected Data as of December 31, 2021 Customers billed in 2021 for services provided $470,000 Cash collections in 2021 for accounts billed in 2020 21,000 Cash collections in 2021 for accounts billed in 2021 290,000 Cash paid for supplies purchased in 2021 16,000 Supplies remaining at the end of 2021 2,500 Cash paid for salaries in 2021 12,000 Cash paid for annual rent on March 1, 2021 23,000 Calculate the amount of revenues and expenses for 2021 under accrual basis accounting (Round your final answers to the nearest whole dollar) Accrual basis revenues Accrual basis expenses During the current year, a company purchases equipment for $310,000, paying $80,000 immediately and promising to pay the temander within 30 days after the end of the year Determine the amount of investing cash flows the company will report in the current year. (Cash outflows should be indicated with a minus sign.) Investing cash flows