15) Grape Company sold a plant asset during 2021. The original cost of the plant asset was $700,000 and the accumulated depreciation at date of sale was $550,000. The proceeds from the sale of the plant asset was $83,000. The cash proceeds from the sale of the plant asset should be shown in which section of the statement of cash flows? 16) Blue Sky Corporation had net income for 2021 of $2,500,000. Additional information is as follows: Depreciation of plant assets Amortization of intangibles Decrease in accounts receivable Increase in accounts payable $800,000 320,000 420,000 440,000 Blue Sky's net cash provided (used) by operating activities for 2021 was 18) Apple, Inc. reported net income of $65,000 for the year ended December 31, 2021. Included in net income were depreciation expense of $20,200 and a gain on sale of equipment of $5,400. The equipment had an historical cost of $70,000 and accumulated depreciation of $55,000. Each of the following accounts increased during 2021: Land $13,000 Prepaid rent $13,600 Available-for-sale securities $3,000 Bonds payable $20,000 What is the amount of cash provided by or used by investing activities for Apple, Inc. for the year ended December 31, 2021? 19) Maine Company reported net income of $580,000 for the year ended 12/31/21. Included in the computation of net income were: depreciation expense, $82,000; amortization of a patent, $55,000; income from an investment in common stock of Blue Inc., accounted for under the equity method, $72,000; and amortization of a bond discount, $15,000. Maine paid a $104,000 dividend during the year. The net cash provided by operating activities would be reported at 20) Rangers Co. provided the following information on selected transactions during 2021: Purchase of land by issuing bonds $1,300,000 Proceeds from issuing bonds 2,500,000 Purchases of inventory 3,800,000 Purchases of treasury stock 460,000 Dividends paid to common stockholders 340,000 Proceeds from issuing common stock 1,600,000 Proceeds from sale of equipment 280,000 The net cash provided (used) by financing activities during 2021 is