Cash flows from operating activities Net income $1140000 Adjustments to reconcile net income to net cash provided by operating activities: Cash flows from investing activities. Sale of equipment Purchase of land Purchase of buildings and equipment Net cash used by imesting activities 291000 (604000) (1151000) (1464000) Cash flows from financing activities Payment of cash dividend (362000) Cash flows from financing activities Payment of cash dividend Sale of common stock Net cash provided by financing activities Net increase in cash Cash, January 1, 2021 Cash, December 31, 2021 (362000) 953000 Total assets on the balance sheet at December 31,2021 are $6646000. Accumulated depreciation on the equipment sold was $337000. The balance in the Retained Earnings account at December 31, 2021 was $2856000 $2494000. $2132000. $992000. Financial statements for Vsughn Manufacturing are given below. Vaughn Manufacturing Balance Sheet January 1.2021 Assets Equities Cash $957000 Accounts payable. $459000 Accounts receivable 868000 Buildings and equipment 3640000 Accumulated depreciation - buildings and equipment (1300000) Commonstock. 2780000 Patents Vasho Manufacturing Statement of Cash flows For the Year Ended December 31, 2021 Increse (Decrease) in Cash