MKH Company
Comparative Balance Sheets
For the year ended December 31
	20X1	20X0	Change
Current assets
Cash	$324,700	$217,600	$107,100
Accounts receivable	132,600	165,200	(32,600)
Inventory	175,100	137,200	37,900
Prepaid rent	25,500	14,400	11,100
Total current assets	$657,900	$534,400	$123,500
Long-term assets
Land	$326,400	$345,600	($19,200)
Equipment (net)	321,300	356,300	(35,000)
Total long-term assets	$647,700	$701,900	$(54,200)
Total assets	$1,305,600	$1,236,300	$69,300
Current liabilities
Accounts payable	$145,800	$131,200	$14,600
Salaries payable	18,700	4,800	13,900
Interest payable	32,300	27,200	5,100
Total current liabilities	$196,800	$163,200	$33,600
Long-term liabilities
Bonds payable	$321,400	$469,800	($148,400)
Stockholders' equity
Common stock	$535,800	$434,900	$100,900
Retained earnings	251,600	168,400	83,200
Total liabilities and equity	$1,305,600	$1,236,300	$69,300

Additional Information for MKH Co. in 20X1: 1. Net income for year 20X1 was $216,000. 2. The company declared and paid a cash dividend of $132,800. 3. The only posting to the net equipment account was for depreciation expense of $35,000 (i.e., no equipment was sold). 4. MKH sold land worth $19,200 for $8,000 cash. 5. The company retired $148,400 worth of bonds payable at the beginning of the year.

1. What was the loss on the sale of land recorded by MKH Company in 20X1?

$11,200

$8,000

$0 $

19,200

2. What were MKH Company?s cash flows from (for) operating activities in 20X1?

$268,200

($180,300)

$279,400

$233,100

3. What were MKH Company?s cash flows from (for) investing activities in 20X1?

$11,200

$0

$19,200

$8,000

4. What were MKH Company?s cash flows from (for) financing activities in 20X1?

($47,500)

($97,100)

($180,300)

($116,500)