These items require numerical answers and selection of the proper cash flow category. Answer all items. Your grade will be based on the total number of correct answers. Following are selected balance sheet accounts of Zach Corp. at December 31, 1991 and 1990, and the increases or decreases in each account from 1990 to 1991. Also presented is selected income statement information for the year ended December 31, 1991, and additional information. Increase (Decrease) 1991 1990 $ 34,000 277,000 (178,000) $ 24,000 247.000 (167,000) $10,000 30,000 (11,000) Selected balance sheet accounts Assets: Accounts receivable Property, plant, and equipment Accumulated depreciation Liabilities and stockholders' equity: Bonds payable Dividends payable Common stock, $1 par Additional paid-in capital Retained earnings 49,000 8,000 22,000 9,000 104,000 46,000 5.000 19,000 3,000 91,000 3,000 3,000 3,000 6,000 13,000 Selected income statement information for the year ended December 31, 1991 Sales revenue $155,000 Depreciatior 33,000 Gain on sale of equipment 13,000 Net income 28,000 Additional information Accounts receivable relate to sales of merchandise. During 1991, equipment costing $40,000 was sold for cash. During 1991, $20,000 of bonds payable were issued in exchange for property, plant, and equipment. There was no amortization of bond discount or premium. Required: Items A through E represent activities that will be reported in Zach's statement of cash flows for the year ended December 31, 1991. The following two responses are required for each item: . Determine the amount that should be reported in Zach's 1991 statement of cash flows. Using the list below, determine the category in which the amount should be reported in the statement of cash flows. 0. Operating activity 1. Investing activity F. Financing activity Items to be answered: A. Cash collections from customers (direct method). B. Payments for purchase of property, plant, and equipment. C. Proceeds from sale of equipment. D Cash dividends paid. E. Redemption of bonds payable