Income Statement Sales $ 15,000 $ 11,000 800 1,500 Operating expenses COGS Depreciation Admin expenses Total operating expense Operating income Interest revenue Gain on disposal of equipment Income before taxes Income tax 13,300 1,700 200 400 2,300 920 1,380 Net income $ Balance sheet Assets This year Cash A/R Last year $ 1,100 530 820 $ 3,000 500 850 150 1,800 (900) $ 5,400 Inventory Prepaid Ins Equipment Less: Acc Depr Total Assets 200 2,400 (600) 4,450 $ A/P Liabilities & SE $ 1,500 Unearned revenue $ 500 LT Note payable 300 Common Stock 800 Retained earnings 2,300 Total liabilties &SE $ 5,400 Equipment was sold and dividends were paid. a. How much was paid out in dividends? b. How much was equipment sold for? c. What are total cash flows (Op+Inv+Fin)? $ 1,300 $ 400 500 900 1,350 $ 4,450