14. Centipede Products, Inc. reported the following comparative balance sheets and income statement for the current year (Click the icon to view the comparative balance sheets.) 2(Click the icon to view the income statement.) Centipede Products purchased new equipment for $198 and sold equipment with a net book value of $21 for $53. Both events were cash transactions. It paid any dividends declared. Centipede made no repayments of debt during the year. Prepare the financing activities section of cash flow statement. (Use a minus sign or parentheses for cash outflows. Ifa box is not used in the statement, leave the box empty; do not select a label or enter a zero.) Centipede Products, Inc. Statement of Cash Flows (Partial) Financing Activities: (1) (2) Issued Long-term Debt (3) Issued Capital Stock (4) Dividends Paid Net Cash Provided (Used) by Financing Activities 1: Comparative Balance Sheets Centipede Products, Inc. Comparative Balance Sheets At December 31 Description Current Year Prior Year Cash 236 $ 159 Accounts Receivable net 246 209 Inventory 313 258 29 54 Prepaid Insurance Total Current Assets $ 824 $ 680 Plant and Equipment net 488 371 $ 1,312 $ 1,051 Total Assets Accounts Payable $ 396 $ 349 70 Income Tax Payable 45 466 $ 394 Total Current Liabilities 205 162 Long-term Debt $ 671 $ 556 Total Liabilities Capital Stock S 279 $ 218 362 Retained Earnings 277 $ Total Shareholders' Equity 641 $ 495 $ 1,312 $ 1,051 Total Liabilities and Equity 2: Income Statement Centipede Products, Inc Income Statement For the Year Ended December 31 Current Year Sales $ 1,305 Operating Expenses: Cost of Goods Sold 786 Depreciation 60 Insurance 41 Gain on Sale of Equipment (32) 196 (1,051) Other Expenses Income Before Tax 254 103 Provision for Income Tax $ 151 Net Income EA