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Question 6 of 12 - / 1 ili VIEW RULES Current Attempt in Progress Following are selected balance sheet accounts of Teal Bros. Corp. at December 31, 2020 and 2019, and the increases or decreases in each account from 2019 to 2020. Also presented is selected income statement information for the year ended December 31, 2020, and additional information Selected balance sheet accounts Assets 2020 Increase (Decrease) 2019 $33,700 $9.900 Accounts receivable Property, plant, and equipment Accumulated depreciation-plant assets $23.800 245,100 274,500 29.400 (179,100) (168.400) (10,700) Liabilities and stockholders equity 2020 2019 Increase Bonds payable $ 49,100 $45,800 $3,300 Dividends payable 7.900 4.900 3,000 2800 22.000 19,200 Common stock, $1 par Additional paid-in capital Retained earnings 9,100 3.000 6.100 103,000 90.800 12.200 Selected income statement information for the year ended December 31, 2020: Sales revenue $155,500 Depreciation 38,400 Gain on sale of equipment 14,600 Net income 31,200 Additional information 1 2. During 2020, equipment costing $44,000 was sold for cash. Accounts receivable relate to sales of merchandise. During 2020. $19,200 of bonds payable were issued in exchange for property, plant, and equipment. There was no amortization of bond discount or premium. 3. Determine the category operating, investing, or financing) and the amount that should be reported in the statement of cash flows for the following items Activity (a) Payments for purchase of property, plant, and equipment $ [b] Proceeds from the sale of equipment. $ Ic! Cash dividends paid > $ (d) Redemption of bonds payable. $ e Textbook and Media

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