Current Attempt in Progress Following are selected balance sheet accounts of Pins Corp. at December 31, 2020 and 2019, and the increases or decreases in each account from 2019 to 2000. Abo presented in selected income statement information for the year ended December 31, 2020, and additional information Selected balance sheet accounts Assets 2000 2019 Increase (Decrease) Accounts receivable $151,000 $126.000 $25,000 Property plant and en 601,000 582,000 19.000 Accumulated depreciation (135.0000 (102,000) 33.000 Liabilities and stockholders' suit Bonds payable $93,000 $100,000 $10,000 0 10,000 (10000) Common stock $1 pm 59,000 $1,000 4000 Additional paid in capital 26.000 19,000 7,000 312.000 270,000 82.000 Selected income statement information for the year ended December 31, 2020 $140.000 Depesciation 54,000 1,000 Net inco 92.000 Additional information: 1 During 2020, equipment costing $32,000 was sold for cash 2. Accounts receivable relate to sales of merchandise. 3. During 2020, $14,000 of bonds payable were converted to common stock. There was no amortization of bond discount or premium. Determine the category (operating, investing, or financing) and the amount that should be reported in the statement of cash flows for the following items. (a) Payments for purchase of property, plant, and equipment. (b) Proceeds from the sale of equipment. (c) Cash dividends paid. (d) Proceeds of bonds payable. eTextbook and Media Activity $ $ $ Smit Answer Current Attempt in Progress Following are selected balance sheet accounts of Pina Corp. at December 31, 2020 and 2019, and the increases or decreases in each account from 2019 to 2020. Also presented is selected income statement information for the year ended December 31, 2020, and additional information. Selected balance sheet accounts Assets 2020 2019 Increase (Decrease) Accounts receivable $151,000 $126.000 $25,000 Property, plant, and equipment 601.000 582,000 19.000 Accumulated depreciation (135,000) (102.000) (33,000) Liabilities and stockholders equity Bonds payable. $93,000 $103,000 $(10,000) Dividends payable 0 10,000 (10,000) Common stock, $1 par 59,000 $1,000 8,000 Additional paid-in capital 26,000 19,000 7,000 Retained earnings 352,000 270,000 82,000 104-0030 Additional paid-in capital 26,000 19,000 7,000 Retained earnings 352,000 270,000 82,000 Selected income statement information for the year ended December 31, 2020: Sales revenue. $948,000 Depreciation 56,000 Loss on sale of equipment 8,000 Net income 92,000 Additional information: 1. During 2020, equipment costing $32,000 was sold for cash. punte coceivable relate to sales of merchandise. Determine the category (operating, investing, or financing) and the amount that should be reported in the statement of cash flows for the following items. Activity (a) Payments for purchase of property, plant, and equipment. (b) Proceeds from the sale of equipment. (c) Cash dividends paid. (d) Proceeds of bonds payable. eTextbook and Media Save for Later Attempts: 0 of 3 used Submit