Following are selected balance sheet accounts of Vaughn 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 2020 Assets Accounts receivable Property, plant, and equipment Accumulated depreciation--plant assets $33,700 276,400 (178,400) 2019 $24.000 249,500 (167,300) Increase (Decrease) $9.700 26,900 (11,100) 2020 2019 Liabilities and stockholders' equity Bonds payable Dividends payable Common stock, $1 par Additional paid-in capital Retained earnings $ 48,800 7.900 22,200 9,100 $45,800 4,900 19,200 3,000 90,300 Increase $3.000 3,000 3.000 6.100 103,400 13.100 Selected income statement information for the year ended December 31, 2020: Sales revenue $154,500 Depreciation 38,100 Gain on sale of equipment 14,600 Net income 30,900 Additional information: 1. 2. During 2020, equipment costing $44,700 was sold for cash. Accounts receivable relate to sales of merchandise. 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. 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) Cash dividends paid. $ (d) Redemption of bonds payable. $