The Following Balance Sheets Are Provided for Socrates Foods

The following balance sheets are provided for Socrates Foods:

a. Compute the following:
(1) Cash received from customers during the year $__________
(2) Cash payments for merchandise during the year $__________
(3) Wages paid to employees during the year $__________
(4) In Socrates Foods' statement of cash flows, what amount would be reported as the net change in cash and cash equivalents? $__________ (increase/decrease)
b. Socrates Foods recorded the sale of equipment as follows:

How would this transaction be reported in Socrates Foods' statement of cash flows? (Assume the direct method is being used.)