NEEDLES CORPORATION Comparative Statements of Financial Position Desemher 21 2012 Additional information regarding fiscal 2013: 1. New equipment costing $85,000 was purchased for cash. 2. Old equipment costing $25,000 was sold for $10,000 cash when the carrying amount was $13,000. 3. Cash dividends were declared and paid during the year. 4. Accounts payable pertain to merchandise purchases. Using the DIRECT method, Cash Payments to suppliers are $265,000$174,600$156,000$230,000