Use the following to answer questions through 7 The Smirnoff Corporation prepared the following comparative balance sheets at December 31 2022 and 2021 12/31/22 12/31/21 5 (22,955 ) Cash Marketable Securities Accounts receivable Inventory Prepaid insurance Land, buildings, and equipment Accumulated depreciation Total assets $ 77,375 15,500 80.000 165,000 1,500 1,250,000 (610,000) $ 979,375 ) 85.000 68.250 145,000 2.000 1.125.000 (572,000) $830,295 $ 102.760 24,500 75,000 Accounts payable Salaries payable Notes payable Bonds payable Common stock Retained earnings Total liabilities and shareholders' equity $ 76,340 20.000 25.000 200.000 300.000 358,035 979,375 300.000 328.035 $ 830,295 Additional information for the year ended December 31, 2022 (1.) Sold available -for-sale securities costing 69,500 for $ 74,000. (2.) Equipment costing $20,000 , with a book value of $ 5,000, was sold for $ 6,000. (3.) 6 % bonds payable at par. (4. ) Repaid a portion of a long term bank loan. ( ) Purchased new equipment for $ 145,000 cash. (6. ) Paid cash dividends of 20,000. ( 7.) Net income for 2022 was $50,000 . (8.) Smimoff prepares its cash flows statement under the indirect method. 5. Net cash flows from operating activities on the cash flows statement for 2022 are? A) Negative $ 17,670. B) Positive $ 35,330. C) Positive $ 39,830. D Negative $ 70,670 Net cash flows from investing activities on the cash flows statement for 2022 are? A Negative $ 225,000. ) Negative $65,000. C Negative $ 70,500. D Negative $ 145,000. Net cash flows from financing activities on the cash flows statement for 2022 are? A) Negative $130,000. Positive $150,000. Positive \$13 . Negative $ 70,000.

read off 12/31/21 $ (22,955 0 sigilluM Cash edmun cortesup erdt of ixon sail ed no itpasig 12/31/22 $ 77,375 Marketable securities 85,000 Accounts receivable nesrowq vangmoo s nadw val 15,500 80,000 165,000 art inola 68,250 Inventory 145,000 Prepaid insurance 1,500 2.000 Land, buildings, and equipment vlivass gane 1,250,000 nogest 1,125,000 Accumulated depreciation Total assets ewoll ness to looms! (610,000 ) $ 979,375 gut jok (572,000 ) $ 830,295 grab Accounts payable Jimwose s elloa vnaqmoo & now :ew $ 76,340 $ 102,760 Salaries payable 20,000 Notes payable vlivitos gailsten 25.000 24,500 75,000 Bonds payable 200,000 Common stock . Divilos gnion 300,000 300,000 Retained earnings awoll sans to Inomoin 358,035 328,035 Total liabilities and shareholders' equity goingei . $ 979,375 $ 830,295 Additional information for the year ended December 31, 2022: (1.) Sold available-for-sale securities costing $69,500 for $74,000. (2. ) Equipment costing $20,000, with a book value of $5,000, was sold for $6,000. (3.) Issued 6% bonds payable at par. (4.) Repaid a portion of a long term bank loan. ( 5. ) Purchased new equipment for $145,000 cash. now tawoll dees To inomommie urls co (6.) Paid cash dividends of $20,000. (7. ) Net income for 2022 was $50,000. (8. ) Smirnoff prepares its cash flows statement under the indirect method. 5. Net cash flows from operating activities on the cash flows statement for 2022 are? A) Negative $17,670. B) Positive $35,330. Positive $39,830. Negative $70,670. 6. Net cash flows from investing activities on the cash flows statement for 2022 are? Negative $225,000. -B) Negative $65,000. C) Negative $70,500. Negative $145,000. 7. Net cash flows from financing activities on the cash flows statement for 2022 are? A) Negative $130,000. B) Positive $150,000. Positive $130,000. D) Negative $70,000