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Malcolm Corp's statements of financial position at December 31, 2020 and 2019 and information relating to 2020 activities are presented below: December 31 2020 2019 Assets Cash $ 110,000 $ 50,000 Temporary investments 150,000 Accounts receivable (net) 255.000 255,000 Inventory 345.000 300,000 Long-term investments 100,000 150,000 Property, plant and 850,000 500.000 equipment Accumulated depreciation (225.000) (225.000) Goodwill 45.000 50.000 Total assets $4.630,000 $1,080.000 Liabilities and Shareholders Equity Accounts payable $ 415.000 S 360.000 Long-term note payable 145.000 Common shares 600.000 475.000 Retained earnings 470.000 245.000 Total liabilities and shareholders' equity $1.630.000 $1.080.000 Other information relating to 2020 activities: 1. Net income was $375,000. 2. Cash dividends of $150,000 were declared and paid. 3. Equipment costing $250,000, with a book value of $80,000, was sold for $90,000. 4. A long-term investment was sold for $80,000. There were no other transactions affecting long-term investments, 5.5,000 common shares were issued for $25 a share. 6. Temporary investments consist of treasury bills maturing on June 30, 2021. The cash used in investing activities in 2020 was O $430,000. O $420,000. $580,000. $455.000