Which of the following items would appear in the cash flow from financing activities section of a statement of cash flows? Multiple Choice Received cash for common stock Paying cash for dividends as well as receiving cash from common stock Pald cash for dividends Sold land for cash Warren Enterprises had the following events during Yeart The business issued $40,000 of common stock to its stockholders The business purchased land for $24,000 cash Services were provided to customers for $32.000 cash Services were provided to customers for $10,000 on account The company borrowed $32,000 from the bank Operating expenses of $24.000 were incurred and paid in cash Salary expense of $1,600 was accrued. A dividend of $8,000 was paid to the stockholders of Warren Enterprises Assuming the company began operations during Year 1, what is the amount of retained earnings as of December 31, Year 12 Multiple Choice $42.000 $16,400 58.400 O 50.000 Barnes Company expects to begin operating on January 1. The company's master budget contained the following operating expense budget Salary expense Sales commissions, 5% of sales Utilities Depreciation on store equipment Rent Miscellaneous Total operating expenses January February March $36 , $36 , $36 , 30,000 32,000 24,000 2,800 2,800 2,800 1,000 1,000 1,800 7,200 7,200 7,200 1,880 1,800 1,800 $78,800 $80,800 $72,800 Sales commissions are paid in cash in the month following the month in which the expense is recognized. All other expense items requiring cash payment are paid in the month in which they are recognized. The amount of accumulated depreciation appearing on the company's March 31 pro forma balance sheet is