Following are selected balance sheet accounts of Novak 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		$33,700			$24,000			$9,700
Property, plant, and equipment		278,200			247,900			30,300
Accumulated depreciationplant assets		(178,900	)		(166,900	)		(12,000	)
Liabilities and stockholders equity		2020			2019			Increase
Bonds payable		$ 48,900			$46,000			$2,900
Dividends payable		8,000			5,000			3,000
Common stock, $1 par		21,800			19,100			2,700
Additional paid-in capital		8,900			3,000			5,900
Retained earnings		102,900			90,500			12,400
Selected income statement information for the year ended December 31, 2020:
Sales revenue		$155,400
Depreciation		38,000
Gain on sale of equipment		14,500
Net income		31,000

Additional information:

1.		During 2020, equipment costing $45,000 was sold for cash.
2.		Accounts receivable relate to sales of merchandise.
3.		During 2020, $20,200 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.

Current Attempt in Progress Your answer is partially correct. Following are selected balance sheet accounts of Novak 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 Increase (Decrease) Assets 2020 2019 Accounts receivable $33,700 $24,000 $9,700 Property, plant, and equipment 278.200 247,900 30,300 Accumulated depreciation-plant assets (178,900) (166,900) (12,000) Liabilities and stockholders' equity 2020 2019 Increase Bonds payable $ 48,900 $46,000 $2,900 Dividends payable 8,000 5,000 3.000 Common stock, $1 par 21,800 19.100 2.700 Additional paid-in capital 8.900 3,000 5.900 Retained earnings 102,900 90,500 12,400 Selected income statement information for the year ended December 31, 2020: Selected income statement information for the year ended December 31, 2020: Sales revenue $155,400 Depreciation 38,000 Gain on sale of equipment 14.500 Net income 31,000 Additional information: 1. During 2020, equipment costing $45,000 was sold for cash. 2. Accounts receivable relate to sales of merchandise. 3. During 2020, $20,200 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. Investing $ 55100 i (b) Proceeds from the sale of equipment. V Investing $ (c) Cash dividends paid. Financing $ ) (d) Redemption of bonds payable. Financing $ 17300