Jacobson Manufacturing Corporation earned $91,000 in profit during 2023. Machinery was sold for $121,000 and a $31,000 loss on the sale was recorded. Machinery purchases totalled $370,000 including a July purchase for which an $128,000 promissory note was issued. Bonds were retired at their face value, and the issuance of new common shares produced an infusion of cash. Jacobson's comparative balance sheets were as follows: Jacobson Manufacturing Corporation Comparative Balance Sheet Information (in thousands) Assets Cash Accounts receivable Merchandise inventory Machinery Accumulated depreciation Total assets Liabilities and Equity Accounts payable Notes payable Bonds payable Dividends payable Common shares Retained earnings Total liabilities and equity December 31 2023 2022 $ 164 256 $ 120 318 420 370 1,950 1,860 (310) (330) $ 2,480 $2,338 $ 575 658 368 270 56 44 252 356 855 680 374 330 $ 2,480 $2,338 Required: (Enter amounts in thousands, as per balance sheet above. List any deduction in cash and cash outflows and loss as negative amounts.) 1. What was Jacobson's depreciation expense in 2023? 1. What was Jacobson's depreciation expense in 2023? Depreciation expense 2. What was the amount of cash flow from operating activities? Operating activities 3. What was the amount of cash flow from investing activities? Investing activities 4. What was the amount of dividends declared? paid? Dividends declared Dividends paid 5. By what amount would you expect the total inflows of cash to differ from the total outflows of cash? Difference in amount 6. What was the amount of cash flow from financing activities? Financing activities