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 $34,200 $24,000 $10,200 Property, plant, and equipment 274,800 244,500 30,300 Accumulated depreciation-plant assets (179,300) (166,700) (12,600 2020 2019 Increase $48,500 $45,600 $2,900 8,000 5.100 2,900 Liabilities and stockholders'equity Bonds payable Dividends payable Common stock, Si par Additional paid-in capital Retained earnings 21.900 19,200 2,700 9.100 2.900 6,200 104,300 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 31200 2. During 2020, equipment costing $45,100 was sold for cash. Accounts receivable relate to sales of merchandise. 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. 3 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 $ (c ) Cash dividends paid v $ (d) Redemption of bonds payable. $