20 2022 100,000 2020 $140.000 180,000 240,000 CASH Accounts receivable inct) Merchandise inventory Prepaid expenses Equipment Accumulated depreciation Equip Land Totals 280,000 40,000 360,000 180,000 100,000 300,000 (72,000) (32,000) 360,000 $1,308,000 160,000 $1,028,000 $272,000 48,000 $220,000 72,000 0 160,000 Accounts payable Accrued expenses Notes payablelong- term Bonds Payable (10-year mortgage) Common stock, $10 par Retained earnings (deficit) 60,000 0 896,000 636,000 32,000 (60,000) $1,308,000 $1,028,000 Additionalitation 2) Wer income for 2021 was 192,000. b) Depreciation expense for the year was $44,000 c) Land was acquired for $200,000 in exchange for common stock, par $200,000. d) Equipment that had cost $20,000 with accumulated depreciation of $4,000 as of disposal time was sold for $8,000 in cash. Additional equipment was purchased in cash. e) Cash dividends of $40,000 were paid during the year. Click here to use Excel. Compute net cash flows from operating activities in 2020. Example of Answer: 4000 or -4000 (No comma, decimal point, or $ sign. show negative cash flow with -) Answer = A Compute net cash flows from investing activities in 2020. Example of Answer: 4000 or-4000 (No comma, decimal point, or $ sign. Denote negative cash flow with -) Compute net cash flows from financing activities. Example of Answer: 4000 or -4000 (No comma, decimal point, or $ sign. Denote negative with -)