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1. Stine Corp.'s trial balance reflected the following account balances at December 31, 2014:

Accounts receivable (net) $19,000

Trading securities 6,000

Accumulated depreciation on equipment and furniture 15,000

Cash 16,000

Inventory 30,000

Equipment 25,000

Patent 4,000

Prepaid expenses 2,000

Land held for future business site 18,000

In Stine's December 31, 2014 balance sheet, the current assets total is [A] (please enter your answer as a whole number without any dollar sign, thousand separator, or decimal points.

2. The Bolera Company had the following cash transactions during 2020. The Bolera Company uses the direct method of presenting the Statement of Cash Flows. Fill in thefollowing table by classifying the transactions of the Bolera Company as cash flows from operating activities, investing activities or financing activities (use capitalized O, I, and F as your answer) and identifying the cash flow as an inflow or outflow (use "Inflow" and "Outflow" as your answer).

Activity Inflow/Outflow

Bolera paid off a loan to the bank

Bolera received repayment of a loan it lent to another company

Bolera received dividends from investment in WalMart

Bolera paid salaries to employees

Bolera issued new stock to raise fund

3. In the space provided, prepare the Operating section of the statement of cash flow for Year 1, using the indirect approach.

Selected Information from Balance Sheets (As of Year End for Years 0 and 1)	Income Statement (Year 1)
Year 0 Year 1 Cash 1,000 2,000 Accounts Receivables 1,000 5,000 Inventory 5,000 4,000 Property, Plant and Equipment (net) 12,000 11,000 Accounts Payable 5,000 4,000 Unearned Revenue 2,000 1,000 Bonds Payable 5,000 6,000 Common Stock 3,000 4,000 Retained Earnings 5,000 7,000	Sales 20,000 Costs of Goods Sold (8,000) Wage Expense (4,000) Depreciation Expense (2,000) Loss from PP&E Sale (1,000) Net Income Before Tax 5,000 Tax Expense (2,000) Net Income 3,000

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