LYEN ESPANY De De S. 13.00 3 C Ace Pride Lanternet Equipment Accumulated depreciation que Toal 20.000 17.000 40,000 60.000 - $195.000 00 35.00 IND 70.000 -20.000 Liabilities and Stockholders' Equity Accounts payable 36.000 $11.000 Bonds payable 19,000 27,000 Common stock 1,000 115,000 140,000 25.000 Retained earnings 55.000 20.000 -34.900 Total liabilities and stockholders' equity $195.000 5199.000 SA 500 Additional information: (a) Net loss for the year ending December 31, 2020 was 520,000. (6) Long-term investments that had a cost of $22,000 were sold for $25,000 with a pain of 53000 (c) New equipment was purchased for $10,000 cash (d) Cash dividends of $14,000 were declared and paid in December 2020 1. Calculate the depreciation expense for 2020. (2 points) Dee 2020 -20.000 Acconulated Dep. Exp. et for 2000. Make to indicate whether 16.000 Inventory Equipment 10.000 3. Prepare the cash flows from financing activities section for 2020. Make sure to indicate whether the net result is cash inflows or outflows. (4 points) Financing Activities