Transcribed image text: Concord Company reported net income of $107000 for the year ended December 31, 2020. During the year, inventories decreased by $14500, accounts payable decreased by $19800. depreciation expense was $17600 and again on disposal of equipment of $8800 was recorded. Net cash provided by operating activities in 2020 using the indirect method was $103500. O $119300 $110500 $121500 1 M A company had net income of $210600. Depreciation expense is $27400. During the year. Accounts Receivable and Inventory increased $17300 and $42000, respectively. Prepaid Expenses and Accounts Payable decreased $4900 and $6300, respectively. There was also a loss on the sale of equipment of $2100. How much cash was provided by operating activities? $175200 $242000 $179400 $271800 During the year 2022, Marigold Company earned revenues of $89500, had expenses of $56100, purchased assets with a costo $9200 and paid dividends of $5400. Net income for the year is $18800. O $28000 O $33400 $24200 Which of the following journal entries is recorded correctly and in the standard format? 1510 O Cash Salaries and Wages Expense Advertising Expense 530 980 Salaries and Wages Expense 530 Advertising Expense 980 Cash 1510 Salaries and Wages Expense Advertising Expense Cash 530 980 1510 Salaries and Wages Expense 530 Advertising Expense 980 Cash 1510 Salaries and Wages Expense Advertising Expense Cash 530 980 1510 Salaries and Wages Expense 530 Cash Advertising Expense 980 1510