Hello, I need the answers and proof of work for these 5 accounting questions

Class is intermediate financial reporting 1. Assignment 61. Boulder Inc. is a publicly accountable enterprise. The company prepares the cash flows from operating activities section in its statement of cash flows using the indirect method. Its policy is to report the payment of dividends as a financing activity. Extracts from the company?s financial statements for the year ended December 31, 20X4, follow:Net cash from operating activities$48,000Depreciation expense15,000Decrease in accounts receivable (Dec. 31, 20X4, compared to Dec. 31, 20X3)6,000Increase in inventory (Dec. 31, 20X4, compared to Dec. 31, 20X3)3,000Cash dividends paid9,000Increase in accounts payable (Dec. 31, 20X4, compared to Dec. 31, 20X3)7,000Based exclusively on the information set out above, what was Boulder?s net income for 20X4?A) $23,000B) $32,000C) $43,000D) $52,0002. Frizzle Inc.?s net income for the year ended December 31, 20X5, was $200,000. Additional data for the 20X5 fiscal year is as follows:Land with a net book value of $295,000 was sold for $350,000. Frizzle purchased a building for $125,000.Depreciation expense for the year was $18,000.Increase in accounts receivable over the prior year was $32,000.Decrease in accounts payable from the prior year was $40,000.What is Frizzle?s net cash flows from operating activities for the year ended December 31, 20X5?A) $91,000B) $119,000C) $146,000D) $155,0003. Red Ox Corporation?s net income for the year ended December 31, 20X4, was $128,000. Red Ox has elected to report any interest paid as operating activities and any dividends paid as financing activities. Additional data for the 20X4 fiscal year is as follows:Red Ox issued a bond for $95,000.Depreciation expense for the 20X4 fiscal year was $12,000.The balance for the company?s bank loan as at December 31, 20X3, was $240,000. The balance as at December 31, 20X4, was $215,000.Interest expense paid in the year was $3,000.Red Ox issued 500 common shares for $80 a share.Red Ox sold 10,000 shares in one of its investments, Blue Horn Inc., for $26,000.Red Ox declared a dividend of $15,000 that is to be paid on January 4, 20X5.What is Red Ox?s net cash flows from financing activities for the 20X4 fiscal year?A) $95,000B) $107,000C) $110,000D) $136,000Stone Core Inc.?s opening cash balance as at January 1, 20X4, was $110,000. The December 31, 20X4, cash balance was $96,000. Net income for the 20X4 fiscal year for Stone Core was $15,000. For the year ended December 31, 20X4, cash flows from operating activities were $23,000 and cash flows from financing activities were $10,000. What were the cash flows from investing activities for the 20X4 fiscal year?A) ($14,000)B) ($33,000)C) ($47,000)D) ($62,000)As at June 30, 20X5, Rockhouse Corp. reported on its statement of financial position inventory of $1,700,000, accounts payable of $325,000 and salaries payable of $600,000. The balance reported by the company in the previous fiscal year was as follows: inventory of $1,500,000, accounts payable of $440,000 and salaries payable of $500,000. For the year ended June 30, 20X5, Rockhouse reported cost of goods sold of $3,900,000 on the statement of comprehensive income. Using the direct method, what amount would be reported by Rockhouse under the operating activities section in the statement of cash flows for the year ended June 30, 20X5, for cash paid to suppliers?A) $3,585,000B) $3,685,000C) $4,115,000D) $4,215,000

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