below is the balance sheet for these multiple choice please

CONSOLIDATED BALANCE SHEET (in millions) Year Ending Dec. 31 2020 2019 ASSETS \begin{tabular}{lcc} Cash and Cash Equivalents & $1,000 & $800 \\ Accounts Receivable & 300 & 500 \\ Merchandise Inventory & 880 & 650 \\ Short Term Investments & 145 & 120 \\ \hline TOTAL CURRENT ASSETS & 2,325 & 2,070 \\ PP\&E, net accumulated depreciation of & 1,250 & 1,000 \\ \$600 in 2020 and \$500 in 2019 & & \\ \hline TOTAL ASSETS & $3,575 & $3,070 \\ \hline \hline \end{tabular} LIABILITIES \begin{tabular}{lcc} Accounts Payable & $530 & $500 \\ Other Payables & 410 & 362 \\ \hline TOTAL CURRENT LIABILITIES & 940 & 862 \\ & & \\ Mortgage Payable & 0 & 700 \\ Long-Term Bank Loan & 900 & 850 \\ \hline TOTAL LIABILITIES & 1,840 & 2,412 \end{tabular} OWNERS EQUITY Common Stock Preferred Stock Additional Paid in Capital Retained Earnings TOTAL OWNERS EQUITY 8070 TOTAL LIABILITIES + OWNERS EQUITY $3,575 $3,070 No Property, Plant \& Equipment (PPE) was sold during 2020. > No short-term investments were sold during the year. > All depreciation expense is included in SG\&A > Because there is no dividends payable account at either the start of end of the year, you may assume all dividends declared in 2020 were paid in 2020. Question 7 (5 points) How does Long-Term Bank Loan impact Avett Inc.'s 2020 Statement of Cash Flows? The periodic change in Long-Term Bank Loan is added in Cash Flows from Investing The periodic change in Long-Term Bank Loan is subtracted in Cash Flows from Operations The periodic change in Long-Term Bank Loan is subtracted in Cash Flows from Financing The periodic change in Long-Term Bank Loan is added in Cash Flows from Financing The periodic change in Long-Term Bank Loan is subtracted in Cash Flows from Investing The periodic change in Long-Term Bank Loan is not included on the Statement of Cash Flows The periodic change in Long-Term Bank Loan is added in Cash Flows from Operations Question 8 (5 points) How does Avett Inc.'s 2020 common stock issuance impact its 2020 Statement of Cash Flows? The common stock issuance is added in Cash Flows from Financing The common stock issuance is not included on the Statement of Cash Flows The common stock issuance is subtracted in Cash Flows from Investing The common stock issuance is added in Cash Flows from Investing The common stock issuance is subtracted in Cash Flows from Financing The common stock issuance is subtracted in Cash Flows from Operations The common stock issuance is added in Cash Flows from Operations Question 9 (5 points) How does Avett Inc.'s Mortgage Payable impact its 2020 Statement of Cash Flows? The periodic change in Mortgage Payable is added in Cash Flows from Investing The periodic change in Mortgage Payable is subtracted in Cash Flows from Operations The periodic change in Mortgage Payable is not included on the Statement of Cash Flows The periodic change in Mortgage Payable is added in Cash Flows from Operations The periodic change in Mortgage Payable is subtracted in Cash Flows from Financing The periodic change in Mortgage Payable is added in Cash Flows from Financing The periodic change in Mortgage Payable is subtracted in Cash Flows from Investing