—、 Hartman, Inc. has prepared the following comparative statement of financial position for 2013 and 2014:

The following additional data were provided:
a. Cash dividends were declared and paid during the year (financing activity).
b. All other changes in non-current account balances had a direct effect on cash flows, except the change in Accumulated depreciation and Patent.
c. During the year, equipment was sold for cash. This equipment cost $28,000 originally and had a book value of $11,000 at the time of sale.
d. All sales and purchases are on account.
e. Accounts payable pertain to merchandise suppliers.
Instructions : (25%)