Canada Olympian Co. provided the following condensed information regarding cash flows: 2022 2021 $ Assets Cash Accounts Receivable Land Trucks Accumulated Depreciation - Trucks Equipment Accumulated Depreciation - Equipment Total Assets $ 40,500 173,250 112,500 300,000 375,000 600,000 204,000 105,000 120,000 135,000 60,000 37,500 15,000 $ 1,065,750 $ 657,000 Some land was disposed of during 2022, but none was purchased. A gain of $15,000 was recorded. Some used trucks were sold and a gain of $7,500 was recorded. New trucks were purchased for $525,000. The depreciation expense for trucks during the year was $45,000 - Equipment was purchased during the year for $105,000. Some old equipment was also sold for $5,000. The equipment that was sold had accumulated depreciation of $22,500. Required - fill in the blanks with your answers for the following: a) What were the cash proceeds from the sale of land? 75,000 b) What were the cash proceeds from the sale of trucks? 129,000 - c) What is the gain or loss amount on the equipment that was sold during the year (a positive answer is a gain ex 1,000) and a negative answer [ex. -1.000) is a loss)