The Pearl City Storage Company had the following balances in its Equipment and Accumulated Depreciation on Equipment accounts at the beginning and end of 2021: January 1 December 31 Equipment $100,200 $120,200 Accumulated depreciation, equipment 33,600 24,500 During 2021, Pearl City engaged in the following transaction involving equipment: Sold equipment that originally cost $26,000 and had a current book value of $7,050 for $18,600. This was the only sale of equipment. Net income for 2021 was $362,300. How much equipment-related depreciation expense did the Pearl City Storage Company record during 2021? Depreciation expense $ e Textbook and Media What was the cost of equipment purchased during the year? Cost of equipment purchased e Textbook and Media Using this limited information, prepare the operating and investing activities sections of the statement of cash flows. Here you will assume that there were no changes in current asset and current liability accounts other than cash. (Enter amounts that decrease cash flow elther with a negative sign preceding the number, e.g. -15,000 or parenthesis eg. (15,000).) Pearl City Storage Company Statement of Cash Flows For the Year Ended December 31, 2021 Cash flows from operating activities Net Income Adjustments of net income to cash basis v Depreciation Gain on sale of equipment Net cash provided by operating activities | HII III Cash flows from investing activities Purchase of equipment V Cash received from sale of equipment Net cash used in investing activities