The oakland mills company has disclosed the following financial information in its annual reports for the period ending march 31, 2013: sales of $1,430,000, costs of goods sold of $816,000, depreciation expenses of $175,000, and interest expenses of $89,575. assume that the firm has a tax rate of 35 percent. compute the cash flows to investors from operating activity. (round answer to 2 decimal places, e. g. 15.25.) cash flow from operating activity $

Reynolds corp. factors $400,000 of accounts receivable with mateer finance corporation on a without recourse basis on july 1, 2015. the receivables records are transferred to mateer finance, which will receive the collections. mateer finance assesses a finance charge of 1 ½ percent of the amount of accounts receivable and retains an amount equal to 4% of accounts receivable to cover sales discounts, returns, and allowances. the transaction is to be recorded as a sale.required: a. prepare the journal entry on july 1, 2015, for reynolds corp. to record the sale of receivables without recourse.b. prepare the journal entry on july 1, 2015, for mateer finance corporation to record the purchase of receivables without recourse— think through this.c. explain the difference between sale of receivables with recourse as oppose to without recourse.