Page 2: 2 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. Page 4: Using the DIRECT method, Cash Paid for operating expenses is Page 5: 5 Page 6: $56,000 $138,000 $137,600 $130,000 None of the above Page 2: 2 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. Page 4: Using the DIRECT method, Cash Paid for operating expenses is Page 5: 5 Page 6: $56,000 $138,000 $137,600 $130,000 None of the above