Selected financial statements for Nathan's Motel, a sole proprietorship, are as follows: Problem 21 Balance Sheet November 30, 20X2 Assets: Cash $ 20,000 Equipment 236,000 Accumulated depreciation: equipment (7,500 Total $ 248,500 Liabilities and owner's equity: Long-term notes 112,000 E. Nathan, Capital 136,500 Total $248,500 Statement of Cash Flows For the Month of December 31, 20X2 Cash flows from operating activities: Collection from guests $100,000 Payments for salaries Payments for other expenses (48,000) Net cash provided by operating activities Cash flows from investing activities: Sale of equipment $ 3,500 Purchase of investments (24,000 Net cash used by investing activities Cash flows from financing activities: Issue of long-term notes $ 10,000 Owner withdrawals (8,000 old (35,000) $ 17,000 (20,500) 2.000 ($1,500) 3. A December 20X2 gain on the sale of equipment, $2,000; accumulated depreciation on Based on the above data, prepare the December 31, 20X2, balance sheet for Nathan's More 222 Problem 22 Net cash from financing activities Net decrease in cash Additional information: 1. Net income for December 20X2 equaled $13,500. 2. Depreciation expense for December 20x2 on equipment, $5,500. equipment sold, $3,000. Required: door