The following selected account balances relate to the property, plant, and equipment accounts of Cullumber Inc.: 2018 2017 Accumulated depreciation-buildings $339,500 $304,000 Accumulated depreciation equipment 153,000 100,000 Depreciation expense-buildings 35,500 35,500 Depreciation expense-equipment 63,000 53,000 Land 130,000 60,000 Buildings 770,000 770,000 Equipment 305,000 250,000 Gain on disposal (equipment) 4,000 0 Additional information: 1. Purchased $70,000 of land for cash Purchased $76,000 of equipment for a $15,000 down payment, financing the remainder with a bank loan. Equipment was also sold during the year. 2 Calculate any cash receipts or payments related to the property, plant, and equipment accounts in 2018. Land purchase $ Equipment purchase $ Proceeds from disposal of equipment $ Indicate where each of the cash receipts or payments identified above would be classified on the statement of cash flows or accompanying notes Land purchase Equipment purchase Proceeds from equipment disposal Note: During the year the company purchased equipment costing $ by paying $15,000 cash and issuing a bank loan payable for $61,000. Indicate where each of the cash receipts or payments identified above would be c Land purchase Equipment purchase Proceeds from equipment disposal Operating activities (use) Non cash activities (source) Financing activities (source) Operating activities (source) Non cash activities (use) Financing activities (use) Investing activities (source) Investing activities (use) Note: During the year the company by