Question 1 Case A 960 ABS Cor has reported the total utility costs of the hotel and the number of occupancy-days over the last year as follows: Month Occupancy-days Utility Costs (5) Jan 1.736 4,127 Feb 1.904 4.207 Mar 2,356 5,083 Apr 2,857 May 360 1.871 June 744 2.696 July 2.108 4,670 Aug 2,406 5.148 Sep 840 2,691 124 1.588 NOV 720 2.454 Dec 1.364 3.529 Oct Required: 1. Using the high-low method, compute the variable costs of utility per occupancy-day (round to the nearest cent) and the fixed costs per month (round to the nearest dollar). 2. Express the variable and the fixed costs in the form a formula (Y=a+bx) 3. Assuming that the occupancy was 3588 days for January next year, what is the total cost expected to be incurred Question 1 Case B: RNC Cor. had net income of 84,000 for the year ended December 31" 2019. Changes in the current asset and liability accounts were as follows: Current Assets Beginning of Year End of Year Cash $80,000 $60,000 Accounts receivable 190,000 165.000 Inventory 360.000 437,000 Prepaid expenses 14.000 12.000 Current Liabilities Accounts payable 390.000 370,000 Accrued Liabilities 12.000 8.000 Income taxes payable 30,000 36.000 Additional Information: The annual depreciation expense totaled $50,000 during 2019 Loss of $5,000 incurred as a result of equipment sale Dividends of S15,000 were declared and paid, Requirements: Using the indirect method, determine the net cash flows provided (used) by the operating activities through preparing the statement of cash flows, 2