Jacobson Manufacturing Corporation earned $95.000 in profit during 2020. Machinery was sold for $125,000 and a $35,000 loss on the sale was recorded. Machinery purchases totalled $390,000 including a July purchase for which an $144,000 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: 420-21 ped 276 Jacobson Manufacturing Corporation Comparative Balance Sheet Information (in thousands) December 31 Assets 2020 2019 Cash $ 184 $ 132 Accounts receivable 350 Merchandise inventory 452 390 Machinery 2,150 2,060 Accumulated depreciation (350) (370) Total assets 52,712 $2,562 Liabilities and Equity Accounts payable $ 690 5 782 Notes payable 290 Dividends payable 64 52 Bonds payable 264 360 Comon shares 904 720 Retained earnings 350 Total liabilities and equity $ 2,712 DOON 400 Required: (Enter amounts in thousands, os 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 2020? Depreciabon expose aw 2. What was the amount of cash flow from operating activities? 4 Operating activities 20 points 8 0420.12 3. What was the amount of cash flow from investing activities? Skipped Investing tivities eBook Print 4. What was the amount of dividends declared? pald? Dividends declared Dividends paid 1