Question: A comparative balance sheet for Carter Fuel Injection Systems, Inc. appears below: Carter Fuel Injection Systems, Inc. Comparative Balance Sheet $7,00045,00023,00010,000$85,000 Additional information: 1. Net

A comparative balance sheet for Carter Fuel Injection Systems, Inc. appears below: Carter Fuel Injection Systems, Inc. Comparative Balance Sheet $7,00045,00023,00010,000$85,000 Additional information: 1. Net income for the year ending December 31,2020 was $35,000. 2. Cash dividends of $15,000 were declared and paid during the year. 3. Long-term investments that had a cost of $17,000 were sold for $14,000. 4. No equipment was sold during 2020 . HINT: depreciation expense must be determined. Notice in \#4 it states no equipment was "sold" during 2020 , therefore, focus on the change in "accumulated depreciation". Instructions for Completing this Quiz For 10 Points: Prepare only the Cash Flow from Operating Activities
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