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6. In 2017, Alden Axle, Inc. had cash flows from investingactivities of – $173,250, cash flows from financing activities of –$152,500 and cash flow from operations of $343,600. The balance inthe firm's cash account was $104,500 at the beginning of 2017. Whatwas the firm's balance in the cash account at the end of 2017?

A. less than $104,000

B. more than $104,000 but less than $112,900

C. more than $112,900 but less than $121,750

D. more than $121,750 but less than $129,500

E. more than $129,500

7. Bold Boxes, Inc. started the year with a balance of retainedearnings of $1,850,000. The company reported sales of $1,425,600,gross profit of $986,400, net income for the year of $575,400, paiddividends of $43,500 to the preferred stock holders and $218,000 tocommon stock holders. What is end of year balance in retainedearnings for Bold Boxes?

A. less than $1,938,000

B. more than $1,938,000 but less than $2,014,300

C. more than $2,014,300 but less than $2,096,400

D. more than $2,096,400 but less than $2,162,500

E. more than $2,162,500

8. Tougher Toys, Inc.'s 2014 income statement lists the followingincome and expenses: EBIT = $1,192,850, Interest expense = $164,325and taxes = $298,365. Tougher Toys has no preferred stockoutstanding and 228,500 shares of common stock outstanding. Whatare the firm’s 2014 earnings per share?
A. more than $3.18 but less than $3.24

B. more than $3.24 but less than $3.30

C. more than $3.30 but less than $3.36

D. more than $3.36 but less than $3.42

E. more than $3.42

13. In 2014, Red Fox Car Shop had sales of $892,350, cost ofgoods sold totaled $384,150, net income equaled $197,645,depreciation was $67,500, taxes were $58,726, and interest expensewas $37,486. How much did the firm earn in operating profits for2014?

14. Grey Machines, Inc. began the year 2016 with $735,800 inretained earnings. The firm earned net income of $352,450 in 2016.The firm paid $25,000 to its preferred stockholders and $186,500 toits common stockholders. What is the year-end 2016 balance inretained earnings for Grey Machines?