Marigold Corp.'s comparative balance sheets are presented below:

\begin{tabular}{|c|c|c|} \hline & 2019 & 2018 \\ \hline Cash & $16,700 & $17,600 \\ \hline Accounts receivable & 25,000 & 22,300 \\ \hline Investments & 20,050 & 15,950 \\ \hline Equipment & 59,950 & 70,050 \\ \hline Accumulated depreciation-equipment & (13,850) & (10,000) \\ \hline Total & $107,850 & $115,900 \\ \hline Accounts payable & $14,450 & $11,150 \\ \hline Bonds payable & 10,300 & 30,200 \\ \hline Common stock & 50,500 & 44,500 \\ \hline Retained earnings & 32,600 & 30,050 \\ \hline Total & $107,850 & $115,900 \\ \hline \end{tabular} Additional information: 1. Net income was $18,350. Dividends declared and paid were $15,800. 2. Equipment which cost $10,100 and had accumulated depreciation of $2,100 was sold for $3,300. 3. No noncash investing and financing activities occurred during 2019. Statement of Cash Flows For the Year Ended December 31, 2019 Cash Flows from Operating Activities Net Income $18350 Adjustments to reconcile net income to Net Cash Provided by Operating Activities Depreciation Expense Increase in Accounts Receivable Sale of Equipment Increase in Accounts Payable $3850 \begin{tabular}{|r|r} \hline 2700 \\ \hline \end{tabular} \begin{tabular}{|r||} \hline-10100 \\ \hline \end{tabular} 3300 250 Cash Flows from Investing Activities Purchase of Investments Retirement of Bonds 4100 Cash Flows from Investing Activities \begin{tabular}{|r|r} \hline-15800 \\ \hline \end{tabular} Cash Flows from Financing Activities Payment of Dividends $15800 Issuance of Common Stock 6000 Sale of Equipment 3300 \begin{tabular}{|lll|} \hline Net Cash Used by Investing Activities & \\ \hline \end{tabular} \begin{tabular}{|l|r|} \hline \hline-6500 \\ \hline \end{tabular} eTextbook and Media