Sorensen Company provides the following information related to its investing and financing activities for the current year. Cash receipts: $250,000 Sale of common stock Sale of equipment (at $34, 000 loss) 156, ooe Sale of land (at $50,000 gain) 160, ooe $178,000 45 , ooe 75, ooe Cash payments: Purchase of equipment Purchase of treasury stock Retirement of debt Dividends on preferred and 36, see common stock