1. Computing equipment with a cost of $250,000 and accumulated depreciation of $230,000 was sold for $5,000. New computing equipment was purchased for $379,000. 2. New ofrice furniture was purchased at a cost of $35,000. 3. Depreciation expense was $43,000. 4. Investments costing $20,000 were sold for cash at a loss of $2,000. Additional investments were purchased for $31,000 cash. 5. A $25,000 principal payment on the long-term note was made. 6. A portion of the cash needed to purchase computing equipment was secured by issuing bonds payable for $140,000 cash. 7. Net income was $72,000 and dividends were $36,000