Exercise 23-10 Following are selected balance sheet accounts of Concord Bros. 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 Accounts receivable Property, plant, and equipment Accumulated depreciation-plant assets 2020 $33,900 275,600 (177,100) 2019 $23,900 247,900 (168,700 ) Increase (Decrease) $10,000 27,700 (8,400 ) Liabilities and stockholders' equity. Bonds payable Dividends payable Common stock, $1 par Additional paid-in capital Retained earnings 2020 $ 48,700 8,000 22,300 9,100 105,100 2019 $46,100 5,000 18,800 3,000 91,500 Increase $2,600 3,000 3,500 6,100 13,600 Selected income statement information for the year ended December 31, 2020: Sales revenue $155,200 Depreciation 37,800 Gain on sale of equipment 14,700 Net income 30,900 Additional information: 1. During 2020, equipment costing $44,900 was sold for cash. 2. Accounts receivable relate to sales of merchandise. 3. During 2020, $20,000 of bonds payable were issued in exchange for property, plant, and equipment. 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. Activity (a) Payments for purchase of property, plant, and equipment. $ (b) Proceeds from the sale of equipment. $ (c) Cash dividends paid. $ (d) Redemption of bonds payable. . $ Click if you would like to Show Work for this question: Open Show Work