Use the following balance sheets and income statement to answer QS 16-9 through QS 16-14. Computing cash from operations (indirect) P2 Use the indirect method to prepare the cash provided or used from operating activities section only of the statement of cash flows for this company. Computing cash from asset sales P3 Refer to the data in QS 16-9. Furniture costing $54, 000 it sold at its book value in 2011. Acquisitions of furniture total $44, 000 cash, on which no depreciation is necessary because it is acquired at year-end. What is the cash inflow related to the sale of furniture? Computing financing cash outflows P3 Refer to the data in QS 16-9. Assume that all common stock is issued for cash. What amount of cash dividends is paid during 2011? Assume that no additional notes payable are issued in 2011. What cash amount is paid to reduce the notes payable balance 2011? Computing cash received from customers PS Refer to the data in QS 16-9. How much cash is received from sales to customers for year 2011? What it the net increase or decrease in cash for year 2011? Computing operating each outflows P5 Refer to the data in QS 16-9. How much cash is paid to acquire merchandise inventory during year 2011? How much cash is paid for operating expenses during year 2011? Computing cash from operations (direct) PS Refer to the data in QS 16-9. Use the direct method to prepare the cash provided or used from operating activities section only of the statement of cash flows for this company