The following selected account balances relate to the property, plant, and equipment accounts of Sheridan Ltd.: 2021 2020 Accumulated depreciation-buildings $339,500 $303,000 Accumulated depreciation-equipment 148,000 102,000 Depreciation expense-buildings 36,500 36,500 Depreciation expense-equipment 70,000 46,000 Land 130,000 64,000 Buildings 760,000 760,000 Equipment 305,000 250,000 Gain on disposal (equipment) 4,100 0 Additional information regarding 2021: 1. Purchased $66,000 of land for cash. 2. Purchased $85,000 of equipment for a $14,000 down payment, financing the remainder with a bank loan. Equipment was also sold during the year. (b) 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 Financing activities (source) Non cash activities (use) Investing activities (use) Financing activities (use) Investing activities (source) Operating activities (source) Operating activities (use) Non cash activities (source) Note: During the year the company purchased equipment costing $ a bank loan payable for $71,000. by paying $14,000 cash and issuing