Use the following to answer questions through 7: The Smirnoff Corporation prepared the following comparative balance sheets at December 31, 2022 and 2021- 12/31222 Cash $ 77,375 12/3121 Marketable securities $ (22,955) 15,500 Accounts receivable 85.000 80,000 Inventory 68.250 165,000 Prepaid insurance 145.000 1,500 Land, buildings, and equipment 2,000 1.250.000 Accumulated depreciation 1,125.000 (610.000) Total assets (572000) $ 979,375 $830,295 Accounts payable $ 76,340 $ 102,760 Salaries payable 20,000 Notes payable 24,500 25.000 75,000 Bonds payable 200,000 Common stock 300,000 300,000 Retained earnings 358,035 328.035 Total liabilities and shareholders' equity $ 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. (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. 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. B) Negative $65,000. C) Negative $70,500. D) Negative $145,000. A) Net cash flows from financing activities on the cash flows statement for 2022 are? Negative $130,000. B) Positive $150,000 C) Positive $130,000. Negative $70,000. D) Page 2 of 5