$47.$ Use the information below to answer #$47-50$:

Assets $20202019$

Cash $ $71,000$ $ $151,000$

Accounts Receivable $181,000170,000$

Prepaid Insurance $7,00012,000$

Inventory $170,000165,000$

Long$-$term Investment $150,00090,000$

Land $110,000150,000$

Buildings and equipment $390,000270,000$

Less: Accumulated Depreciation $(100,000)(75,000)$

Total Assets $ $979,000$ $ $933,000$

Liabilties

Accounts payable $ $30,000$ $ $45,000$

Salaries payable $3,0008,000$

Interest payable $5,0003,000$

Income tax payable $9,00012,000$

Notes payable $-50,000$

Bonds Payable $160,000100,000$

Shareholders$$ Equity

Common Stock, $$1$ par $320,000290,000$

Paid$-$in$-$capital $-$ Excess of par $205,00085,000$

Treasury Stock $(10,000)-$

Retained Earnings $257,000340,000$

Total Liabilities and Shareholders$$ Equity $ $979,000$ $ $933,000$

Revenues

Sales Revenue $ $320,000$

Expenses

Cost of Goods Sold $125,000$

Salaries expense $55,000$

Depreciation expense $25,000$

Bad debt expense $7,000$

Insurance expense $13,000$

Bond interest expense $30,000$

Loss on sale of land $10,000265,000$

Income before tax $55,000$

Income tax expense $22,000$

Net Income $ $33,000$

Additional Information from the accounting records:

a$.$ Land that originally cost $$40,000$ was sold for $$30,000.$

b$.$ The common stock of Panther Inc. was purchased for $$60,000$ as a long$-$term investment.

c$.$ New equipment was purchased for $$120,000$ cash.

d$.$ A $$50,000$ note was paid at maturity on January $1.$

e$.$ On January $1,2020$ $$60,000$ of bonds were issued at face value.

f$.$ Common stock $($$$20,000$ par$)$ was sold for $$30,000.$

g$.$ In June, Panther Inc. issues a $10\%$ stock dividend $(10,000$ shares$).$ The market price of the $$1$ par per share at the time.

h$.$ Net income was $$33,000$ and cash dividends of $$45,000$ were paid to shareholders.

The Net cash provided by $($or used for$)$ operating activities during $2020$ was:

a$.$ $$43,000$

b$.$ $$33,000$

c$.$ $$38,000$

d$.$ $$36,000$

$48.$ Refer to data included in Question #$47$ above.

The cash paid to suppliers during $2020$ was:

a$.$ $$130,000$

b$.$ $$125,000$

c$.$ $$142,000$

d$.$ $$145,000$

$49.$ Refer to data included in Question #$47$ above.

The Net cash provided by $($or used for$)$ investing activities during $2020$ was:

a$.$ $$(150,000)$

b$.$ $$(120,000)$

c$.$ $$(170,000)$

d$.$ $$(180,000)$

$50.$ Refer to data included in Question #$47$ above.

The Net cash provided by $($or used for$)$ financing activities during $2020$ was:

a$.$ $$30,000$

b$.$ $$(5,000)$

c$.$ $$35,000$

d$.$ $$(15,000)$