Exercise 5-26 Cash Receipts and Cash Payments The accountant for Alpine Hobby Stores prepared the following selected information for the year ended December 31, 2015: Dec. 31, 2015 Dec. 31, 2014 (a) Equipment $55,000 $62,000 (b) Accumulated Depreciation 12,800 13,900 (c) Long-Term Debt 20,000 25,000 (d) Common Stock 16,000 12,000 Equipment with a book value of $18,000 was sold for $16,000 cash. The original cost of the equipment was $21,000 Determine the cash inflows and outflows during 2015 associated with each of the accounts listed. Indicate how the cash flows for each item would be presented on the statement of cash flows