Use the following information to answer questions 26 through 34: (Answer each question independently. These are end-of-the-year amounts.) 2018 2019 2018 2019 Cash $1,200 $1,100 Accounts payable $6,100 $5,500 Accounts receivable $4,600 $9,200 Utilities payable $1,300 $1,000 Inventory $7,000 $8,100 Salaries payable $2,000 $3,500 Prepaid insurance $2,100 $1,600 Notes payable $12,000 $15,000 Equipment $19,000 $19,000 Interest payable $300 $600 Accum. depreciation ($1,600) ($2,000) Common stock $14,000 $14,000 Land $8,500 $11,600 Retained earnings $5,100 $9,000 $40,800 548,600 S40,800 $48,600 26 How much was paid for inventory during 2019 if cost of goods sold was $67,000? a $67,500 b $65,300 $68,700 d $68,100 e None of the 27 How much were the company's operating cash flows during 2019 if investing cash flows were ($3,100) and financing cash flows were $1,000? a $1,800 b ($100) C ($900) d ($2,100) e None of the 28 How much were financing cash flows during 2019 if net income was $26,000? a (519,100) b $3,000 c $29,000 d ($22,100) e None of the 29 How much was recorded in depreciation expense during 2019? a $2,000 b $400 $17,000 d $1,600 e None of the 30 How much was paid for land during 2019 if a segment of land that had been purchased in a prior year for $4,500 was sold during 2019 for a $1,500 gain. 2 ($3,100) b $4,600 $9,100 d $7,600 e None of the 31 How much was the debt-to-equity ratio for the company in 2019? a 1.136 b 1.028 C 3.355 d 1.124 e 1.113 32 How much inventory was purchased during 2019 if a total of $87,000 was paid to suppliers? a $85,300 D $86,400 C $87,500 d $87,600 e None of the 33 How much were investing cash flows during 2019 if a plot of land that had been purchased in a prior year for $2,500 was sold this year for $3,000? 2 ($2,100) b ($5,100) c ($2,600) d ($5,600) e None of the 34 How much was collected in cash during 2019 if total sales were $120,000? $119,900 b $120,000