could use help on the ones I got wrong

7 Instant Brake Inc.'s comparative balance sheet information at December 31, 2020 and 2019, and its income statement for the yea ended December 31, 2020, are as follows: Dints $884,000 574,000 $310,000 Instant Brake Inc. Income Statement December 31, 2020 Sales Cost of goods sold Gross profit Operating expenses Depreciation expense Operating Profit Loss on sale of equipment Investment income Profit before taxes Incone taxes Profit $132,700 41,260 173,960 136, 040 10,430 17.520 145.230 30,000 $113,30 Instant Drake Inc. Balance Sheet Tnformation December 2020 2019 hot change - * Instant Brake Inc. Balance Sheet Information December 31 2020 2019 Cash $ 46,000 $ 24,560 Cash equivalents 23,280 9,200 Accounts receivable 87,920 35,440 Inventory 113,840 81,520 Investment 23,250 Land 76,400 76,480 Building and equipment 428,660 446,188 Accumulated depreciation 116,050 94,960 Accounts payable 13,730 37,400 Dividends payable 1,200 800 Bonds payable 22,000 Preferred shares 81,200 81,200 Common shares 405,680 485,689 Retained earnings 136,240 76,540 Net Change $ 21,440 14,880 52,480 32,320 23,280) e (17,520) 21,098 (23,670) 400 22,000 59,700 During 2020, the following transactions occurred 1. Purchased equipment for $20,400 cash 2. Sold the investment on January 1, 2020, for $40,800, resulting in investment income of $17.520 3. Sold equipment for $7.320 cash that had originally cost $37.920 and had $20,170 of accumulated depreciation 4. Issued $22,000 of bonds payable ot face value During 2020, the following transactions occurred: 1. Purchased equipment for $20.400 cash. 2. Sold the investment on January 1, 2020, for $40,800, resulting in investment income of $17.520. 3. Sold equipment for $7,320 cash that had originally cost $37,920 and had $20,170 of accumulated depreciat 4. Issued $22,000 of bonds payable at face value. Required: 1. How much cash was paid in dividends? Answer is complete and correct. Dividends paid S 53.030 Check my work mode: This shows what is correct or incorrect for the work you have completed so far. It does not ind $ 113,130 For Year Ended December 31, 2020 Cash flows from operating activities: Profit Adjustments to reconcile profit to net cash inflows from operating activities Depreciation expense Loss on sale of equipment Proceeds from sale of investment lol 41,260 10,430 (17,520) > S 147,300 Net cash inflow from operating activities Cash flows from investing activities Increase in accounts receivable Increase in inventory Decrease in accounts payablo $ $ (52 480) 3 (32 320) 3 3 23,670) @ . (108.470) Net cash inflow from investing activities Cash flows from financing activities Proceeds from sale of investment Pirmont 35 40.800 (Prey 7 of 10 !! Next > Check my work mode : This shows what is correct or incorrect for the work you have completed so far. It does not ind > Is 147,300 Net cash inflow from operating activities Cash flows from investing activities: Increase in accounts receivable Increase in inventory Decrease in accounts payable S (52,480) (32,320) (23,670) (109 470) XS Net cash inflow from investing activities Cash flows from financing activities Proceeds from sale of investment Purchase of equipment Proceeds from sale of equipment Net cash outflow from financing activities Net decrease in cash and cash equivalents Cash and cash equivalente January 1, 2020 Cash and cash equivalents. December 31, 2020 40.800 (20.400) 7,320 BOO S 27.720 21.4403 24 5603 45,000 15