Question 1 (6 marks) Additional information regarding fiscal 2021: 1. Operating expenses include $70,000 of depreciation expenses and a $5,000 loss on sale of equipment that originally cost $20,000 and had a carrying value of $15,000. 2. Cash dividends were declared and paid during the year. 3. Land was purchased during the year. There was no disposal of land. 4. A new building was purchased during the year for $114,000. There was no disposal of building. 5. The company took out $128,600 of new bank loans during the year. 6. Long-term investments were sold during the year. There was no profit or loss on the sale. 7. Equipment was sold and purchased during the year