Gold Co. reported the following select information in its December 31, 2020 financial statements: Net income $75,000 Depreciation expense 5,250 Loss on sale of equipment 5,000 Decrease in merchandise inventory 2.250 Decrease in accounts payable 6,500 Proceeds from sale of Equipment 15,500 Cash Dividends paid 6,000 Increase in Accounts Receivable 9,500 Increase in Taxes Payable 1,250 Instructions: a. Prepare the operating activities section of the Statement of Cash Flows for Gold Co. b. Explain in your own words why it is often stated that 'cash is king! c. Provide one example of a transaction that would provide cash from operating activities but would not impact net income. d. Provide one example of a transaction that would increase net income but would not provide any cash in operating activities