Simons Products, Inc. reports the following comparative balance sheets and income statement for the current year. Click the icon to view the comparative balance sheets.) 5 (Click the icon to view the income statement.) During the year, Simons Products purchased new equipment for $195 and sold equipment with a net book value of $26 for $52. Both events were cash transactions. It paid any dividends declared. Simons made no repayments of debt during the year. Prepare the financing activities section of Simons Products' cash flow statement. (Use a minus sign or parentheses for cash outflows. If a box is not used in the statement, leave the box empty; do not select label or enter a zero.) Income Statement Simons Products, Inc. Statement of Cash Flows (Partial) Financing Activities: Simons Products, Inc. Income Statement For the Current Year Ended December 31 Sales $ 1,300 Net Cash Provided (Used) by Financing Activities Operating Expenses Cost of Goods Sold Depreciation $ 780 65 Insurance 39 Gain on Sale of Equipment Other Expenses Income before Tax (26) 195 (1,053) $ 247 104 Provision for Income Tax $ 143 Net Income Choose from any list or enter any number in the input fields and then continue to the next question. Print Done i in Comparative Balance Sheets X 1 at r Cash Accounts Receivable - net Inventory Prepaid Insurance Total Current Assets Plant and Equipment - net Current Year Prior Year $ 221 $ 156 247 208 312 260 26 52 $ 806 $ 468 676 364 $ 1,274 $ 1,040 390 $ 351 65 52 455 $ 195 403 156 Total Assets Accounts Payable Income Tax Payable Total Current Liabilities Long-Term Debt Total Liabilities Capital Stock Retained Earnings Total Shareholders' Equity Total Liabilities and Equity $ 650 $ 559 $ 286 $ 221 338 260 $ 624 $ 481 1,274 $ 1,040 Print Dono