12/31/16	12/31/15
Equipment	$ 750	$ 400
Accumulated depreciation	160	225
Land	92	50
Bonds payable	30	50
Common stock	120	100
Additional paid in capital	400	320
Retained earnings	825	675

Other information for 2016 Net income for the year was $200. Depreciation expense on plant and equipment was $70. Equipment with an original cost of $200 was sold at a gain of $5. No land was sold during the year. Both new equipment and land were purchased during the year. Bonds payable were retired at no gain or loss. Common stock was issued for cash. Cash dividends were declared and paid.

How much cash did Cameron Corporation receive from the sale of equipment?

a.

$60

b.

$70

c.

$125

d.

$196

e.

none of the above

2.

Refer to the information above for Cameron Corporation. The net income (decrease) in cash from investing activities for 2016 was

	a.	$18.
	b.	$(522).
	c.	$(490).
	d.	$(397).
	e.	none of the above

3.

Refer to the information above for Cameron Company. The net increase (decrease) in cash from financing activities for 2016 is

	a.	$(80).
	b.	$(50).
	c.	$30.
	d.	$50.
	e.	none of the above