QUESTION 1 (Continued) Additional data related to 2013 are as follows. 1. Equipment that had cost $11,000 and was 40% deprociated at time of disposal was sold for $2,500. 2. S10,000 of the longuterm note payble was paid by issuing common stock. 3. Cash dividends paid were $5,000. 4. On fanury 1, 2019, the bullding wes completely destroyed by an carthquake. Insutanke proceeds on the buliding were $35,000. 5. Irvestments (available-forsale) were sold at $2,000 above their cost. 6 Cach was paid for the nequifition of equifprient: 7. A long-term note for $16,000 was issued for the acquisition of equipment. Required