Use the following to answer questions 28-31: An analysis of Webb Corporation's Investment in Marketable Securities account during 2005 disclosed the following: Debit entries................................................................................. $395,000 Credit entries................................................................................. 220,000 Webb's 2005 income statement included a $40,000 loss on sale of marketable securities and $15,000 dividend income from marketable securities. All payments and proceeds relating to marketable securities transactions were in cash. 28. Refer to the above data. The amount of cash paid by Webb Corporation in 2005 for the purchase of marketable securities was: A) $395,000. B) $435,000. C) $355,000. D) $360,000. 29. Refer to the above data. The cash proceeds received by Webb Corporation in 2005 for the sale of marketable securities was: A) $220,000. B) $260,000. C) $195,000. D) $180,000. 30. Refer to the above data. How should the transactions involving marketable securities be classified in Webb's statement of cash flows for 2005? A) The purchase of marketable securities, sales of marketable securities, and receipt of dividends are all classified as investing activities. B) The purchase and the sale of marketable securities are classified as investing activities; the receipt of dividends is classified as an operating activity. C) The purchase of marketable securities is classified as an investing activity; the sale of marketable securities is classified as a financing activity; the receipt of dividends is classified as an operating activity. D) The purchase and the sale of marketable securities are classified as investing activities; the receipt of dividends is classified as a financing activity. 31. Refer to the above data. Based solely on the above information, Webb's net cash flow from investing activities for 2005 is: A) $175,000 net cash used by investing activities. B) $130,000 net cash provided by investing activities. C) $215,000 net cash used by investing activities. D) $280,000 net cash provided by investing activities.

The manufacturing cost accounts of Prestige Manufacturing Co. provide the following information for the year ended December 31, 2005: Direct materials used ......................................................................... $510,000 Direct materials purchased.................................................................... 530,000 Direct labor cost assigned to production................................................ 140,000 Wages paid to direct workers................................................................ 130,000 Manufacturing overhead costs applied to production............................ 200,000 Cost of finished goods manufactured................................................... 860,000 Inventories at the beginning and end of the year were as follows: Dec. 31 Jan. 1 Materials.............................................................. $75,000 $ ? Work in process................................................... 25,000 10,000 Finished goods..................................................... 45,000 75,000 Answer the following questions. If you select answer d, indicate the correct amount. 32 Refer to the above data. The total amount of inventory that should appear in the companys balance sheet at December 31, 2005, is: a $145,000. c $860,000. b $350,000. d Some other amount. $____________ 33 Refer to the above data. The total manufacturing costs charged to the Work in Process Inventory account during 2005 amounted to: a $825,000. c $860,000. b $850,000. d Some other amount. $____________ 34 Refer to the above data. The total manufacturing costs deducted from revenue in 2005 amounted to: a $890,000. c $865,000. b $880,000. d Some other amount. $____________ 35 Refer to the above data. The balance in the Materials Inventory account at the beginning of 2005 was: a $75,000. c $55,000. b $95,000. d Some other amount. $____________