Use the link below to access Jingles Corporation's income statement, balance sheet, and cash flow to answer the next 4 questions. JINGLES CORPORATION Statement of Cash Flows For the Year Ended 12/31/19 JINGLES CORPORATION Income Statement For the Year Ended 12/31/19 $ Sales Revenue Cost of Goods Sold Gross Profit 135 30 $ 145 (29) Cash Flows from Operating Activities: Collections from Customers Payments to suppliers Payments of Gen & Admin Expenses Payments of Income Taxes Net Cash Flows from Operations 105 (10) Operating Expenses General & Administrative Depreciation Total Operating Expenses $ 38 10 Cash Flows from Investing Activities: Sale of Equipment Net Cash Flows from Investing Other income: Loss on Sale of Equipment B Cash Flows from Financing Activities: Payment of Dividends Issuance of common stock Net Cash Flows from Financing Income before Income Taxes Income Tax Expense Net Income Net Increase in Cash ? JINGLES CORPORATION Balance Sheet As of 12/31/19 and 12/31/18 2019 2018 ? Assets: Cash Accounts Receivable Inventory Prepaid Expenses Property Plant & Equipment Less: Accumulated Depreciation Total Assets ? C 65 18 200 200 (72) $ 128 93 ? 23 225 (67) (25) (5) $ Liabilities & Shareholder Equity Accounts payable to suppliers Dividends payable Income taxes payable Notes Payable Common Stock Retained Earnings Total Liabilities & Shareholder Equity $ 67 $ 54 28 26 32 D 100 100 ? 135 143 112 13 2 ? - ? 31 Determine the cash paid for dividends. O $4 O $6 O $2 O $8 Determine the 12/31/2018 Income Taxes Payable balance. O $18 O $36 O $14 O $28 Determine the 12/31/2019 Accounts Receivable balance. O $52 O $53 $83 O $103 Determine the cash proceeds received from the sale of equipment. $12 $7 $20 $25