Use the following information to answer questions 1-5 inclusive. Auld Lung's Sign Company has the following 2015 income statement and comparative year-end balance sheets. 3. What is the amount of cash inflow (or cash outflow) from investing activities during 2015? Net Sales Cost of goods sold Gross profit Opcrating expenses (cxcept depreciation) a. b. (315) c. ($18) d. $21 e. ($24) S139 S 61 Operating income Loss on sale of equipment Net income 28 S 29 S 27 4. Auld Lang's Sign Company's 2015 statement of cash flows will report thut the firm's net cash position changed by what amount during the year? S 45 48 $141 a. S15 increase b. $15 decrease c. $24 decrease d. $45 increase c. $54 increase Cash Accounts reccivable S 30 18 Plant and equipment $141 8 21 24 27 30 5. What is the amount of cash inflow (or cash outflow) from financing activities during 2015? Accounts payable Salaries payable Notes payable (due in 3 years) Common shares Rctained carnings 39 30 $141 b. (S9) c. (S15) d. (S24) e. (S18) $141 Additional information for 2015 Equipment was sold for $3 Dividends of $15 were paid New equipment was purchased for $18 6. Given below is a partial depreciation schedule for an asset purchased for $10,000 on January 1, 2014. The asset was depreciated using the double-diminishing balance 1. What is the amount of cash inflow from opcrating activities during 20152 a. $27 b. S31 . $33 d. S54 c. S52 Carrying Amount 2014 2015 2016 $6,000 3,600 2,160 2. What is the amount of cash that was provided by depreciation during 2015? The cconomic (useful) life of the asset must have been b. S4 c. $23 d. S31 a. 2.5 years b. 3 years c. 4 years d. 5 years Pagc 2 of 12 Page 3 of 12