Jacobson Manufacturing Corporation earned $97.000 in profit during 2020 Machinery was sold for $127,000 and a $37,000 loss on the sale was recorded Machinery purchases totalled $400,000 including a July purchase for which an $152,000 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) December 31 Assets 2020 2019 Cash $ 194 $ 138 Accounts receivable 286 366 Merchandise inventory 468 400 Machinery 2,250 2,160 Accumulated depreciation (370) (890 Total assets $ 2,828 52.674 Liabilities and Equity Accounts payable $ 746 5 344 Notes payable 416 300 Dividends payable 65 56 Bonds payable 264 374 Common shares 930 740 Retained earnings 404 360 Total liabilities and equity 52,828 $2,674 thousands os per bolonce sheet above. List any deduction in cosh and cash outflows and loss as Help Save & E Required: (Enter amounts in thousands, as per balance sheet above. List any deduction in cash and cash outflows and lots as negative amounts.) 1. What was Jacobson's depreciation expense in 2020? 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? Hel 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