The government, hoping to encourage the consumption of the highly nutritious super food, is considering imposing a price ceiling at $5 per gallon of blueberries. Identify the equilibrium price and quantity of blueberries before the introduction of a price ceiling. Identify and quantify the effect of imposing a price ceiling at $5 per gallon on: a. the quantity of blueberries that get bought and sold. b. any existing shortage or surplus of blueberries. c. consumer surplus. d. producer surplus, and 5) total surplus.

Prepare the operating activities section—indirect method.(lo 4), apthe income statement of paxson company is presented here.paxson companyincome statementfor the year ended november 30, 2014sales revenue $7,600,000cost of goods sold beginning inventory$1,900,000 purchases4,400,000goods available for sale6,300,000 ending inventory1,600,000total cost of goods sold 4,700,000gross profit 2,900,000operating expenses selling expenses450,000 administrative expenses700,0001,150,000net income $1,750,000additional information: prepare the operating activities section—indirect 1. accounts receivable decreased $380,000 during the year, and inventory decreased $300,000.2. prepaid expenses increased $150,000 during the year.3. accounts payable to suppliers of merchandise decreased $350,000 during the year.4. accrued expenses payable decreased $100,000 during the year.5. administrative expenses include depreciation expense of $110,000.instructionsprepare the operating activities section of the statement of cash flows for the year ended november 30, 2014, for paxson company, using the indirect method.net cash provided $1,940,000