Use the information below for Washington Company to answer the following questions. The following selected account balances appeared on the financial statements of Washington Company: Accounts Receivable, January 1 Accounts Receivable, December 31 Accounts Payable, January 1 Accounts Payable, December 31 Merchandise Inventory, January 1 Merchandise Inventory, December 31 Sales Cost of Merchandise Sold $13,000 9,000 4,000 7,000 10,000 15,000 56,000 31,000 Washington Company uses the direct method to calculate net cash flow from operating activities. Cash payments for merchandise were a. $39,000 b. $33,000 c. $29,000 d. $23,000 On the statement of cash flows prepared by the indirect method, a $50,000 ga be in on the sale of in a. deducted from net income in converting the net income reported on the income statement to cash flows b. added to net income in converting the net income reported on the income statement to cash flows from c. added to dividends declared in converting the dividends declared to the cash flows from financing activities d. deducted from dividends declared in converting the dividends declared to the cash flows from from operating activities operating activities related to dividends activities related to dividends