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Based on the financial information below, fill in the blanks to Psychodelia Fixation Ralanco choot ac at Noramhor 21 LIABILITIES AND SHAREHOLDER'S EQUITY New equipment
Based on the financial information below, fill in the blanks to Psychodelia Fixation Ralanco choot ac at Noramhor 21 LIABILITIES AND SHAREHOLDER'S EQUITY New equipment costing $85,000 was purchased for $25,000 and a $60,000 long term bank loan. Old equipment costing $57,500 was sold resulting in a gain of $7,500. Operating expenses includes depreciation expense of $46,500. An unrealized gain on held for trading investments of $14,000 was recorded. Psychodelia Fixation Statement of Cash Flow for the year ended December 31, 2022 Operating activities Cash receipts: Cash receipts from customers Cash payments for income tax Cash payments for interest \begin{tabular}{|l|} \hline Blank 4 \\ \hline Blank 5 \\ \hline \end{tabular} Blank 6 Net cash provided by operating activities Investing activities Proceeds on disposal of equipment sold Purchase of new equipment \begin{tabular}{|l|} \hline Blank 7 \\ \hline Blank 8 \\ \hline \end{tabular} Blank 9 Total Investing Cash flow Financing activities Sale of common shares Repayment of bank loan payable Payment of cash dividends \begin{tabular}{|l|} \hline Blank 10 \\ \hline Blank 11 \\ \hline Blank 12 \\ \hline \end{tabular} Blank 13 Net increase in cash Blank 14 Question 21 (20 points)
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