Additional information: 1. 2. During 2020, equipment costing $45,000 was sold for cash. Accounts receivable relate to sales of merchandise. During 2020, $20,000 of bonds payable were issued in exchange for property, plant, and equipment. There was no amortization of bond discount or premium. 3. Determine the category (operating, investing, or financing) and the amount that should be reported in the statement of cash flows for the following items. Activity Payments for purchase of property, plant, and equipment. Investing -50300 Proceeds from the sale of equipment. Investing 33300 Cash dividends paid. Financing 16200 Redemption of bonds payable. Financing a 49300 Following are selected balance sheet accounts of Allman Bros. Corp. at December 31, 2020 and 2019, and the increases or decreases in each account from 2019 to 2020. Also presented is selected income statement information for the year ended December 31, 2020, and additional information. Selected balance sheet accounts 2020 2019 Assets Accounts receivable Property, plant, and equipment Accumulated depreciation-plant assets $34,000 277,000 (178,000) $24,000 247,000 (167,000) Increase (Decrease) $10,000 30,000 (11,000). 2020 2019 $ 49,000 8,000 Liabilities and stockholders' equity. Bonds payable Dividends payable Common stock, $1 par Additional paid-in capital Retained earnings Increase $3,000 3,000 3,000 6,000 13,000 $46,000 5,000 19,000 3,000 91,000 22,000 9,000 104,000 Selected income statement information for the year ended December 31, 2020: Sales revenue $155,000 Depreciation 33,000 Gain on sale of equipment 14,500 Net income 31,000