Suppose your company reports $170 of net income and $42 of cash dividends paid, and its comparative balance sheet indicates the following. Beginning Ending $ 37 85 255 $217 187 147 Cash Accounts Receivable Inventory Total Salaries and Wages Payable Common Stock Retained Earnings S 12 110 $ 60 108 383 Total Required: 1. Prepare the operating activities section of the statement of cash flows, using the indirect method. (Amounts to be deducted should be indicated with a minus sign.) Net Income Increase in Accounts Receivable Decrease in Inventory Increase in Salaries and Wages Payable Dividends paid Net Cash Flow from Operating Activities During the period, Teen's Trends sold some excess equipment at a loss. The following information was collected from the company's accounting records: From the income statement Depreciation expense Loss on sale of equipment From the balance sheet Beginning equipment Ending equipment Beginning accumulated depreciation Ending accunulated depreciation $ 500 4,000 12,500 6,500 2,000 2,200 No new equipment was bought during the period. Required For the equipment that was sold, determine (a) its original cost, (b) its accumulated depreciation, and (c) the cash received from the sale. (a) Cost of equipment sold tion-Equipment ene enn Laute (c) Cash Received from Sale