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Current Attempt in Progress Selected transactions for the Ecker Company are listed below. Classify each transaction as either an operating activity, an investing activity, a financing activity, or a noncash investing and financing activity 1 2 3 4 5. 6. 7 8 9 10. Collected accounts receivable. Declared and paid dividends on common stock Sold long-term investments for cash Issued stock for equipment. Repaid five year note payable. Paid employee wages. Converted bonds payable to common stock Acquired long-term investment with cash. Sold buildings and equipment for cash. Sold merchandise to customers. View Policies Current Attempt in Progress Sandhill Company had net income of $205,500 in 2022. Depreciation expense for the year is $52,100. During the year, Accounts Receivable increased $10,100 and Prepaid Expenses decreased $3,100. The company also sold equipment at a loss of $5,100. Calculate net cash flows from operating activities using the indirect method. Net cash flows from operating activities eTextbook and Media Save for Later WA Attempts: 0 of 1 used Submit Answer Question 3 of 6 View Policies Current Attempt in Progress During 2022, Pharoah Company sold a building with a book value of $148,000 for proceeds of $178,000. The company also sold long- term investments for proceeds of $35,000. The company purchased land and a new building for $323.000 by signing a long-term note payable. No other transactions impacted long-term asset accounts during 2022. Compute net cash flows from investing activities. Net cash flows from investing eTextbook and Media Save for Later -/1 1 $ Attempts: 0 of 1 used Submit Answer View Policies Current Attempt in Progress Sunland Company issued common stock for proceeds of $21,900 during 2022. The company paid dividends of $6.900. The company also issued a long-term note payable for $36,900 in exchange for equipment during the year. The company sold treasury stock that had a cost of $4,900 for $10,900. Compute net cash flows from financing activities. Net cash flows from financing activities $ eTextbook and Media, Save for Later Attempts: 0 of 1 used Submit Anwwer View Policies Current Attempt in Progress Assume the indirect method is used to compute cash flows from operating activities. For each item listed below, indicate the effect on net income in arriving at cash flows from operating activities by choosing one of the following code letters. Cash Flows From Operating Activities Add to Net Income Deduct from Net Income 1 2. 3. 4 5 6 Increase in accounts receivable increase in inventory Decrease in prepaid expenses Decrease in accounts payable Increase in accrued liabilities Increase in income taxes payable Code Add Deduct Code 2 1. 3. 4. 5. 6. 7 8 9. 10. Increase in accounts receivable Increase in inventory Decrease in prepaid expenses Decrease in accounts payable Increase in accrued liabilities Increase in income taxes payable Depreciation expense Loss on sale of investment Gain on disposal of equipment Amortization expense Question 6 of 6 View Policies Current Attempt in Progress Sandhill Enterprises reported cash flow from operating activities of $281,300. The company made capital expenditures of $112,100 and paid dividends of $37,100. Compute free cash flow Free cash flow $ -/1 1 eTextbook and Media Save for Later Attempts: 0 of 1 used Submit