Use the following information for the following questions. The Murray Company reported the following income statement for the current year and two years of balance sheet information: Sales Gain on sale of equipment $440,000 6,000 Total revenue 446,000 Expenses: Cost of Goods Sold $285,000 Wages Expense 60,000 Rent Expense 24,000 Depreciation Expense 15,000 Insurance Expense 12,000 396.000 Net Income $50.000 Balance Sheets 20X1 20X0 Cash $ 5,000 S 4,000 Accounts Receivable 48,000 42,000 Inventory 60,000 76,000 Prepaid Insurance 6,000 4,000 Land 20,000 10,000 Building and Equipment, net 150,000 160,000 Total Assets $289,000 $296,000 Accounts Payable $ 28,000 $16,000 Wages Payable 15,000 8,000 Long-term Notes Payable 53,000 100,000 Common Stock 157,000 150,000 Retained Earnings 46,000 22,000 Total Liabilities and Stockholders' Equity $289,000 $296,000 Equipment with a book value of $10,000 ($15,000 cost and $5,000 accumulated depreciation) was sold for cash 78. The amount of cash generated from operations this year was A. $30,000 B. $42,000 C. $59,000 D. $76,000 E. $82,000 79. The cash payment for dividends was: A $23,000 B. $26,000 C. $29,000 D. $24,000 80. The cash inflow (outflow) from investing activities was A. $(9,000) B. $(6,000) C. $(4,000) D. S(15,000) E $6,000 81 The exh inflow foutflowd from fine