Which of the following changes in retained earnings during a period will be reported the financing activities section of the statement of cash flows? 1. Declaration and payment of a cash dividend during the period. 2. Net income for the period. A) 1 B) 2 C) Neither 1 nor 2. D) Both 1 and 2. On January 1, 2013, Howard Company, a calendar-year company, issued $800.0 notes payable, of which $200,000 is due on January 1 for each of the next four. The proper balance sheet presentation on December 31, 2013, is A) Current Liabilities, $800,000. B) Long-term Debt, $800,000. C) Current Liabilities, $400,000; Long-term Debt, $400,000. D) Current Liabilities, $200,000; Long-term Debt, Company $600,000