(Calculate investing and financing activities.) The following selected accounts are from Dupr Corp.'s general ledger: Land Jan. 1 500,000 Dec. 1 6,000 Dec. 31 506,000 Equipment Jan. 1 160,000 July 31 70,000 Sept. 2 53,000 Nov. 10 39,000 Dec. 31 244,000 Accumulated Depreciation-Equipment Jan. 1 71,000 Nov. 10 30,000 Dec. 31 48,000 Dec. 31 89,000 Dividends Payable Jan. 1 1,000 Jan. 9 1,000 Dec. 23 4,000 Dec. 31 4,000 Bank Loan Payable Jan. 1 0 Sept. 2 43,000 Dec. 31 43,000 Retained Earnings Jan. 1 105,000 Dec. 23 4,000 Dec. 31 60,000 Dec. 31 161,000 Additional information: Jan. 9 Paid cash dividend owing at the beginning of the year. July 31 Equipment with a cost of $70,000 was purchased for cash. Sept. Nov. 2 Equipment with a cost of $53,000 was purchased and partially financed through the issue of a long-term bank loan payable received specifically for the purchase of this equipment. 10 A loss of $3,000 was incurred on the disposal of equipment. Dec. 1 Acquired a small parcel of adjoining land. 23 A $4,000 cash dividend was declared to shareholders of record on December 31, payable on January 10. 31 Depreciation expense of $48,000 was recorded for the year. 31 Net income for the year was $60,000.