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Following are selected balance sheet accounts of Crane Bros. Corp. at December 31, 2020 and 2019, and the increases or decreases in each account from

Following are selected balance sheet accounts of Crane 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

2020

2019

Increase (Decrease)

Accounts receivable

$34,200 $24,000 $10,200

Property, plant, and equipment

274,800 244,500 30,300

Accumulated depreciationplant assets

(179,300 ) (166,700 ) (12,600 )
Liabilities and stockholders equity

2020

2019

Increase

Bonds payable

$ 48,500 $45,600 $2,900

Dividends payable

8,000 5,100 2,900

Common stock, $1 par

21,900 19,200 2,700

Additional paid-in capital

9,100 2,900 6,200

Retained earnings

104,300 90,800 13,500
Selected income statement information for the year ended December 31, 2020:

Sales revenue

$154,200

Depreciation

38,100

Gain on sale of equipment

14,600

Net income

31,200

Additional information:

1. During 2020, equipment costing $45,100 was sold for cash.
2. Accounts receivable relate to sales of merchandise.
3. During 2020, $19,900 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.

select a kind of activity FinancingInvestingOperating

$enter a dollar amount

(b)

Proceeds from the sale of equipment.

select a kind of activity FinancingInvestingOperating

$enter a dollar amount

(c)

Cash dividends paid.

select a kind of activity FinancingInvestingOperating

$enter a dollar amount

(d)

Redemption of bonds payable.

select a kind of activity FinancingInvestingOperating

$enter a dollar amount

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