In preparing a company's statement of cash flows for the most recent year, the following information is available: Loss on the sale of equipment $ 14,200 Purchase of equipment 147,000 Proceeds from the sale of equipment 128,000 Repayment of outstanding bonds 88,000 Purchase of treasury stock 63,000 Issuance of common stock 97,000 Purchase of land 117,000 Increase in accounts receivable during the year 44,000 Decrease in accounts payable during the year 76,000 Payment of cash dividends 36,000 Net cash flows from investing activities for the year were:

c.

clarify customers’ doubts only when asked.

the answers are

a, b, c, & e.

two years ago, when picking flowers in the mountains back of yosemite valley, i found a book. it was blotted and storm-beaten; all of its outer pages were mealy and crumbly. the paper seemed to dissolve like the snow beneath which it had been buried, however; many of the inner pages were well preserved. and although all were more or less stained and torn, whole chapters were easily readable. this is the condition of the great open book of yosemite glaciers today; its granite pages have been torn and blurred by the same storms that wasted the castaway book.

two years ago, when picking flowers in the mountains back of yosemite valley; i found a book. it was blotted and storm-beaten, all of its outer pages were mealy and crumbly. the paper seemed to dissolve like the snow beneath which it had been buried, however, many of the inner pages were well preserved. and although all were more or less stained and torn; whole chapters were easily readable. this is the condition of the great open book of yosemite glaciers today, its granite pages have been torn and blurred by the same storms that wasted the castaway book.