You will need to figure depreciation expense and Property, Plant & Equipment purchase amount and that t shows you how. Please employ proper comma usage, do not use dollar signs and decimal points (there is no rounding). DD Company's Year 2 Income Statement: Other Information: $ Sales COGS Gross Margin Op. Expenses Op. Income Loss on Disposal Income Before Taxes Taxes Net Income 995,000 540,000 455,000 296,000 159,000 20,000 139,000 32,000 107,000 a. Equipment that had cost 105,000 and on which had 55.000 of accumulated deprec- iation was sold in Year 2 for 30,000 cash. b. dash dividends of 58,000 were paid in the current year $ Comparative Balance Sheets for Two (2) Years: Assets Cash A/R Inventory Prepaids Total Current Assets Year 2 118,000 505,000 590,000 10,000 1,223,000 Year 1 45,000 385,000 615,000 20,000 1,065,000 120,000 120,000 Long Term Investments Property, Plant & Equipment Accum. Depreciation Net Property, Plant & Equipme 1.780,000 (580,000) 1,200,000 1,510,000 (475,000) 1,035,000 Total Assets $ 2,543,000 $ 2,220,000 Liabilities A/P Accrued Liabilities Total Current Liabilities 632,000 37,000 669,000 560,000 55,000 615,000 Long Term Debt 420,000 300,000 Total Liabilities 1,089,000 915,000 Equity Common Stock Retained Earnings Total Owners' Equity 920,000 534,000 1,454,000 820,000 485,000 1,305,000 Total Liabilities & Equity $ 12,543,000 $ 2,220,000 What is the depreciation expense for Year 2? What is the Year 2 purchase of Propety, Plant & Equipment (PP&E)? What is Year 2 Net Cash Flow from Operating Activities? What is Year 2 Net Cash Flow from Investing Activities? You will need to figure depreciation expense and Property, Plant & Equipment purchase amount and that t shows you how. Please employ proper comma usage, do not use dollar signs and decimal points (there is no rounding). DD Company's Year 2 Income Statement: Other Information: $ Sales COGS Gross Margin Op. Expenses Op. Income Loss on Disposal Income Before Taxes Taxes Net Income 995,000 540,000 455,000 296,000 159,000 20,000 139,000 32,000 107,000 a. Equipment that had cost 105,000 and on which had 55.000 of accumulated deprec- iation was sold in Year 2 for 30,000 cash. b. dash dividends of 58,000 were paid in the current year $ Comparative Balance Sheets for Two (2) Years: Assets Cash A/R Inventory Prepaids Total Current Assets Year 2 118,000 505,000 590,000 10,000 1,223,000 Year 1 45,000 385,000 615,000 20,000 1,065,000 120,000 120,000 Long Term Investments Property, Plant & Equipment Accum. Depreciation Net Property, Plant & Equipme 1.780,000 (580,000) 1,200,000 1,510,000 (475,000) 1,035,000 Total Assets $ 2,543,000 $ 2,220,000 Liabilities A/P Accrued Liabilities Total Current Liabilities 632,000 37,000 669,000 560,000 55,000 615,000 Long Term Debt 420,000 300,000 Total Liabilities 1,089,000 915,000 Equity Common Stock Retained Earnings Total Owners' Equity 920,000 534,000 1,454,000 820,000 485,000 1,305,000 Total Liabilities & Equity $ 12,543,000 $ 2,220,000 What is the depreciation expense for Year 2? What is the Year 2 purchase of Propety, Plant & Equipment (PP&E)? What is Year 2 Net Cash Flow from Operating Activities? What is Year 2 Net Cash Flow from Investing Activities