The following statements are unrelated. Examine each independently. post the balances in the T-accounts AND clearly answer the question below. EXAMPLE Equipment, net a) Equipment (net) had a January 1 balance of $500,000 and a December 31 balance of $450,000. During the year, equipment costing $36,000 was purchased for cash. The income statement reports a loss on sale of equipment of $15,000. There were no other transactions affecting equipment during the year. Determine the cash received from the sale of the equipment (6 marks) b) Bond receivables (a long-term receivable) has a January 1 balance of $300,500 and a December 31 balance of $235,400. During the year, bonds costing $100,000 were purchased. There were no other transactions affecting bonds during the year. Determine the cash received from the collection of bonds. (4 marks)