please help me to solve these questions:
Use the following information
Junior Co. showed the following balance sheets for 12/31 2020and 2019
2020 2019
Assets
Cash $330,000 $305,000
A/R 500,000 390,000
Inventory 350,000 175,000
Equipment 190,000 150,000
A/D, Equip (40,000) (20,000)
TOTAL $1,330,000 $1,000,000
Liabilities & Equity
A/P 200,000 180,000
Salary Payable 40,000 30,000
Bonds Payable 400,000 300,000
Common Stock 500,000 400,000
Retained Earnings 190,000 90,000
TOTAL $1,330,000 $1,000,000
Juniors net income was $150,000 and dividends of $50,000 were paid. The only change to the Accum. Depr. account wasfor the 2020 depreciation expense, there were no non-cash investing or financing transactions, and cash was paid for all long term asset purchases.
1) Juniors 2020 cash from operating activities using indirect method was a
A) Net inflow of $200,000
B) Net Outflow of $85,000
C) Net Inflow of $85,000
D) Net Outflow of $300,000
2) The cash from operating activities using indirect methodused the change in A/R as a
A) $110,000 addition
B) $500,000 addition
C) $390,000 reduction
D) $110,000 reduction
3) The cash from operating activities using indirect method used the change in A/P as a
A) $20,000 addition
B) $200,000 addition
C) $20,000 reduction
D) $200,000 reduction
4) The cash from operating activities using indirect method began with the
A) Dividends of $50,000
B) Retained Earnings of $190,000
C) Net Income of $150,000
D) Bonds payable of $400,000
5) Juniors 2020 net cash from investing activities was a
A) Net inflow of $190,000
B) Net outflow of $40,000
C) Net Inflow of $40,000
D) Net Outflow of $190,000
6) Juniors 2020 net cash from financing activities was a
A) Net outflow of $40,000
B) Net outflow of $100,000
C) Net inflow of $150,000
D) Net Inflow of $200,000
7) In calculating the net cash from financing activities the change in bonds payable was an
A) Inflow of $100,000
B) Inflow of $200,000
C) Outflow of $100,000
D) Outflow of $400,000
8) In calculating the net cash from financing activities the dividends were an
A) Inflow of $50,000
B) Outflow of $50,000
C) Inflow of $150,000
D) Inflow of $100,000