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Change Current assets S 324,700 132,600 175,100 25,500 657 900 $ 217,600 165,200 Cash Accounts receivable Invento Prepaid rent $ 107 100 (32 600) 37,900 11.100 123,500 137 200 14.400 534 400 Total current assets Long-term assets 345,600 356,300 701,900 326,400 Land Equipment (net 321 300 647,700 19,200 (35,000 (54 200) Total long-term assets Total assets Currentliabilities Accounts payable Salaries payable Interest pavable 145,800 18,700 32300 131 200 4.800 14,600 13,900 5.100 27 200 Total current liabilities Long-term liabilities Bonds pavable Stockholders' equit Common stock 321.400 469,800 148,400 535,800 251 600 434,900 168,400 100,900 83,200 Retained earnings Total stockholders equit Additional Information for MKH Co. in 20X1: 1. Net income for year 20X1 was $216,000 2. The company declared and paid a cash dividend of $132,800. 3. The only posting to the net equipment account was for depreciation expense of $35,000 i.e., no equipment was sold) 4. MKH sold land worth $19,200 for $8,000 cash 5. The company retired $148,400 worth of bonds payable at the beginning of the year, 1. What was the loss on the sale of land recorded by MKH Company in 20X1? $8,000 $0 $11.200 $19.200 2. What were MKH Company's cash flows from (for) operating activities in 20X1? $(180,300) $279,400 $268,200 $233.100 3. What were MKH Company's cash flows from (for) investing activities in 20X1? $11,200 $0 $8,000 $19.200 4. What were MKH Company's cash flows from (for) financing activities in 20X1

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