1. Classify the following as operating, investing, or financing inflows or outflows. Assume the company at hand is a general merchandising company.a. Cash received due to sale of common stock. (financing inflows)b. Cash provided to another entity as a long-term loan. c. Cash received from sale of old warehouse. d. Cash paid to employees .e. Cash paid for inventory.f. Cash received from Bank Corp, who is the lender in a loan agreement.2. Grateful Industries, a service company, made two sales during 2016:Sale #1: $50,000 (on account)Sale #2: $100,000 (cash collected same day as service provided)The following information relates to Grateful Industries’ Accounts Receivable account:Beginning Balance: $12,000Ending Balance: $17,000Based on the information given, how much cash did Grateful Industries collect in 2016?

1. Classify the following as operating, investing, or financing inflows or outflows. Assume the company at hand is a general merchandising company.a. Cash received due to sale of common stock. (financing inflows)b. Cash provided to another entity as a long-term loan. c. Cash received from sale of old warehouse. d. Cash paid to employees .e. Cash paid for inventory.f. Cash received from Bank Corp, who is the lender in a loan agreement.2. Grateful Industries, a service company, made two sales during 2016:Sale #1: $50,000 (on account)Sale #2: $100,000 (cash collected same day as service provided)The following information relates to Grateful Industries’ Accounts Receivable account:Beginning Balance: $12,000Ending Balance: $17,000Based on the information given, how much cash did Grateful Industries collect in 2016?