Cash flows from operating activities for both the indirect and direct methods are presented for Electronic Transformations. Cash Flows from Operating Activities (Indirect method) Net income $ 35,700 Adjustments to reconcile net income to net cash flows from operating activities: Depreciation expense 8,700 Increase in accounts receivable (12,700 ) Increase in accounts payable 7,700 Increase in income tax payable 5,700 Net cash flows from operating activities $ 45,100 Cash Flows from Operating Activities (Direct method) Cash received from customers $ 81,500 Cash paid for operating expenses (25,700 ) Cash paid for income taxes (10,700 ) Net cash flows from operating activities $ 45,100 Required: Complete the following income statement for Electronic Transformations. Assume all accounts payable are to suppliers.

Suppose the government decides to issue a new savings bond that is guaranteed to double in value if you hold it for 20 years. assume you purchase a bond that costs $25. a. what is the exact rate of return you would earn if you held the bond for 20 years until it doubled in value? (do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e. g., 32.16.) b. if you purchased the bond for $25 in 2017 at the then current interest rate of .27 percent year, how much would the bond be worth in 2027? (do not round intermediate calculations and round your answer to 2 decimal places, e. g., 32.16.) c. in 2027, instead of cashing in the bond for its then current value, you decide to hold the bond until it doubles in face value in 2037. what annual rate of return will you earn over the last 10 years? (do not