Emerson Corporation's financial statements and additional information are as follniser Additional Information: 1. Equipment with a historical cost of $300 , 000 that had been amortized $150 , 000 was sold. 2. Emerson had repurchased some shares for $150 , 000 at the beginning of the year. 3. New buildings were purchased with 1096 cash downpayment with the remainder as a new long term loan. New equipment was purchased with $50 , 000 eash and the remainder was financed. Proceeds from sales of land are $800 , 000 $950 , 000 $760 , 680 $880 , 000 None of the above