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For questions 7-9. The following information is available for X Corporation for the year ended December 31, 2021: (Use next page for worksheet): $57,000 Sale of equipment for cash Acquisition of equipment for cash Issuance of common stock for cash Depreciation expense Payment of cash dividends Net income 10,000 20.000 25,000 48,000 30,000 In addition, the following information is available from the comparative balance sheet for Mehring at the end of 2021 and 2020: 2021 2020 Cash $102,000 $34.000 25,000 15,000 Accounts receivable (net) Prepaid insurance Total current assets 19,000 13.000 $146.000 $62.000 $ 30,000 Accounts payable Salaries payable Total current liabilities 6,000 $19.000 7.000 $26.000 5 36.000 Cash from Operating Activities is: 1. +$30,000 2. ($55,000) 3. +$68,000 4. +49,000 0 1 02 03 04 Cash from Investing Activities is: 1. +$12,000 2. +$47.000 3. ($10,000) 4. +$68,000 H O2 0 4