Help with problems 2-4

2. The following information relates to Equipment and related accounts of El Sheikh Corporation Equipment, beginning balance: $70,000 Equipment, ending balance: $100,000 Equipment sold during the year. Original cost, S9,000;Book value, $2,000 Fully depreciated equipment disposed of during the year.Original cost, $3,000 ulated Depreciation, beginning balance:S50,000Accumulated Depreciation, ending balance:$42,000 Assuming that all equipment purchases are for cash, how much cash was used to purchase equipment during the year? $44,000 $33,000 $42,000 $40,000 3. The following financial formation is available for Liigutti Company as of the end of 20X3 20x3 20x2 Cash and cash equivalents S12.000E15.000 Accounts receivable 25.000 22 00X Buildings 97.000 42.000 Accumulated depreciation [25.00 20.000E Land 35.000 20.000 44,000 9.00 Accounts payable IS23.000 320.000 Long-term notes payable 40.000 15.000 Common stock 50,000 30.00 Retained earnings 29.000 14.000 S44.000 000 Additional information Dividends paid during 20X3 totaled $10,000. Net ncome for 20X3 was $30,000 No buildings were sold during 20X3 Note that the end-of-year information is in the LEFT column!! What was the net cash provided by (used in) investing activities during 20X3? ($55,000) ($70,000) $55,000 $70,000 4. Chen Corporat had the following cash flows during 20X3. Chen Corporation had the following cash flows during 20x3. Cash receipt from the issuance of stock:$40,000 Cash received from customers: $20,000 Interest received on long-term invest tments:$10,000 Cash paid for wages: $12,000 Cash paid for insurance: $1,000 Cash paid for dividends: $6,000 Cash paid to purchase building: S60.000 Cash paid S20,000 Given this information, net cash inflow (outflow) from investing activities is: ($20,000) ($60,000) ($80,000) ($86,000)