Question 22 13 points Save Answer Balance Sheets As of December 31 Year 2 $48,400 2,200 5,600 18,000 (13,650) Yearl $2,800 1,200 6,000 22,000 (17,400) Cash Accounts receivable Inventory Equipment Accumulated depreciation- equipment Land Total assets | Accounts payable (inventory) Long-term debt Common stock Retained earnings Total liabilities and equity | 17,200 $77,750 $5,200 5,600 19,400 | 47,550 $77,750 10,400 $25,000 $4,200 6,400 10,000 4,400 $25,000 Sales revenue Cost of goods sold Gross Margin | Depreciation expense | Operating income Gain on sale of equipment Loss on disposal of land Net income Income Statement For the year ended December 31, year 2 $67,300 (24,100) 43,200 (1,250) 41,950 2,900 (100) $44,750 1. During year 2, equipment that had originally cost $11,000 was sold; Accumulated depreciation on this equipment was $5,000 at the time of the sale. 2. common stock was issued in exchange for land valued at $9,400 at the time of exchange. Q: What is the amount of operating cash flows for year 2? O A. $44,400 OB. $46,400 c. $43,600 D. $46,000