Ajax Ltd. has prepared the following comparative statements of financial position on December 31, 2019 and 2020. Ajax adheres to ASPE.

Additional information concerning Ajax's transactions and events during 2020:

Net income was $67,000.

Land was sold for cash at a gain of $10,000. There was no purchase of land.

Equipment with a cost of $50,000 and accumulated depreciation of $35,000 was sold at a loss of $7,000.

New equipment was purchased for cash during 2020.

The Retained Earnings account was debited for cash dividends declared and paid and credited for the net income for the year.

What was the cash proceeds from sale of land during 2020?

What was the cash proceeds from sale of equipment during 2020?

What was the cash paid to purchase new equipment during 2020?

What was the depreciation expense for 2020?

How much dividends were paid during 2020?

Cash.......... Accounts receivable Inventory......... Land........... Property, plant & equipment. Accumulated depreciation... Goodwill ......... $ 91,000 53,000 50,000 6,000 420,000 (150,000) 51,000 $ 521,000 $ 55,000 39,000 60,000 9,000 350,000 (125,000) 58,000 $ 446,000 Accounts payable ... Notes payable ... Common shares.... Retained earnings.... $ 63,000 215,000 200,000 43,000 $ 521,000 $ 70,000 150,000 200,000 26,000 $ 446,000 RRRR