Following are selected balance sheet accounts of Sheridan 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 $23,800 $9,900 Property, plant, and equipment 274,500 245,100 29,400 Accumulated depreciation-plant assets (179,100) (168,400) (10,700) Liabilities and stockholders' equity 2020 2019 Increase Bonds payable $ 49,100 $45,800 $3,300 Dividends payable 7,900 4,900 3,000 Common stock, $1 par 22,000 19,200 2,800 Additional paid-in capital 9,100 3,000 6,100 Retained earnings 103,000 90,800 12,200 Selected income statement information for the year ended December 31, 2020: Sales revenue $155,500 Depreciation 38,400 Gain on sale of equipment 14,600 Selected income statement information for the year ended December 31, 2020: Sales revenue $155,500 38,400 Depreciation Gain on sale of equipment 14,600 Net income 31,200 Additional information: 1. 2. During 2020, equipment costing $44,800 was sold for cash. Accounts receivable relate to sales of merchandise. During 2020, $19,800 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 Investing $ (b) Proceeds from the sale of equipment. Investing $ (c) Cash dividends paid. Financing $ (d) Redemption of bonds payable. Financing $