Question 20 4 pts USE THE FOLLOWING INFORMATION FOR #20 - 22: Net income = $71,000 Current year end is 12/31/X7 Comparative balance sheet 12/31/X7 12/31/X6 Cash 740,000 85,000 50,000 Accounts receivable 128,000 Prepaid insurance 7,000 -0- Land 400,000 123,000 Furniture and Fixtures 52,000 52,000 Accumulated Depreciation F&F 32,000 8,000 Equipment 78,000 Accumulated Deprec. Equip. |-0- -0- 37,000 900,000 15,000 44,000 Accounts payable Bonds Payable Dividends 34,000 Additional Information: Land was purchased for cash. Sold Equipment for $80,000 Original cost of equipment = $78,000 Accumulated depreciation on equipment at BEGINNING of year - $15,000 Current year depreciation expense on the equipment prior to sale - $13,000 USE THE FOLLOWING GUIDELINES FOR INPUTTING YOUR ANSWERS: 1. For net cash flows PROVIDED simply input the amount such as 100. 2. For net cash flow USED input the amount with a minus sign in front such as - 100. 3. Do NOT use dollar signs or decimals. Compute net cash flow from operating activities. Question 21 4 pts Compute cash flows from investing activities. Question 22 4 pts Compute net cash flows from financing activities