This is a "drop down menu" problem worth the equivalent of four (4) exam questions. Please budget your time accordingly. Each question will be evenly-weighted and partial credit will be awarded for each correct response. Note: The company uses the Direct Method for preparing the Operating Activities section of its Statement of Cash Flows. Use the following data set for this problem. Additional Information: - Investinents are Long-Term Assets - Sold investments for $39.000 (with a camying value of $84,500 ) - Purchased investments for $81,250 - Sold Equipment with a camying value (ce net book value) of $81,250 - Purchased equipment for $406,250 - Depreciation on equipment for 2020 was $55,250 - Depreciation on building for 2020 was $26,000 - Notes Payable are Long-Term Liabitities - Issued Common Stock at par value - issued Notes for $139.750 This is a "drop down menu" problem worth the equivalent of four (4) exam questions. Please budget your time accordingly. Each question will be evenly-weighted and partial credit will be awarded for each correct response. Note: The company uses the Direct Method for preparing the Operating Activities section of its Statement of Cash Flows. Use the following data set for this problem. Additional Information: - Investinents are Long-Term Assets - Sold investments for $39.000 (with a camying value of $84,500 ) - Purchased investments for $81,250 - Sold Equipment with a camying value (ce net book value) of $81,250 - Purchased equipment for $406,250 - Depreciation on equipment for 2020 was $55,250 - Depreciation on building for 2020 was $26,000 - Notes Payable are Long-Term Liabitities - Issued Common Stock at par value - issued Notes for $139.750