MKH Company Comparative Balance Sheets Use the following comparative balance sheets and additional information to answer questions (1) through (4).

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 theloss on the sale of landrecorded by MKH Company in 20X1?

$19,200

$8,000

$11,200

$0

2. What were MKH Companyscash flows from (for) operating activitiesin 20X1?

$268,200

$(180,300)

$233,100

$279,400

3. What were MKH Companyscash flows from (for) investing activitiesin 20X1?

$19,200

$11,200

$0

$8,000

4. What were MKH Companyscash flows from (for) financing activitiesin 20X1?

$(180,300)

$(116,500)

$(47,500)

$(97,100)