Attention! No explanation is needed. Answer all four questions. ( Not only one because based on your policy I can ask up to four questions in one post) Thank you! Answer right I will leave a good feedback!

8. A company's Inventory balance at 12/31/16 was $188,000 and $200,000 at 12/31/15. Its Accounts Payable balance at 12/31/16 was $84,000 and $80,000 at 12/31/15, and its cost of goods sold for 2016 was $720,000. The company's total amount of cash payments for merchandise in 2016 equals: $712,000 O $720,000. O $736,000 O $728,000. $704,000 7. The direct method for computing and reporting net cash flows from operating activities involves adjusting the net income figure to obtain net cash provided or used by operating activities. True False Hutter Corporation declared a $0.50 per share cash dividend on its common shares. The company has 20,000 shares authorized, 9,000 shares issued, and 8,000 shares of common stock outstanding. The journal entry to record the dividend declaration is: Debit Retained Earnings $4,500; credit Common Dividends Payable $4,500. Debit Common Dividends Payable $4,500; credit Cash $4,500. Debit Common Dividends Payable $4,000; credit Cash $4,000, O Debit Retained Earnings $10,000; credit Common Dividends Payable $10,000. Debit Retained Earnings $4,000; credit Common Dividends Payable $4,000 THC Teldig. DO 5. When using a spreadsheet to prepare the statement of cash flows, a decrease in accounts payable is entered in the Analysis of Changes columns with a debit in the statement of cash flows section and a credit in the balance sheet section True False