Question 1 Below is information for Leah Co. Increase in Accounts Receivable: $2,000 Decrease in Inventory: $1,000 Increase in Accounts Payable: $500 Increase in Salaries Payable: $800 Increase in Equipment: $5,000 Decrease in Buildings: $10,000 Net Income: $33,000 Depreciation Expense: $6,000 Calculate cash provided (used) by operating activities: 39300 $33,000+ $6,000+ $800+ $500 +$1,000 - $2,000 = $39,300 Question 2 0.34 / 0.34 pts 0.34 / 0.34 pts On February 1, Secret Gardens Inc. sells 3,000 shares of its $1 par value common stock for $13 per share. The journal entry on February 1 will include a: Credit to Paid-In Capital in Excess of Par $36,000 Credit to Common Stock $36,000 Debit to Cash of $36,000 Credit to Common Stock of $39,000 Debit to Cash of $3,000