Effects of gains and losses from sales of equipment on cash flows. Exhibit 4.22 presents an abbreviated statement of cash flows for Largay Corporation for the current year (amounts in thousands). After preparing this statement of cash flows for the current year, you discover that the firm sold an item of equipment on the last day of the year but failed to record it in the accounts or to deposit the check received from the purchaser. The equipment originally cost \(\$ 50,000\) and had accumulated depreciation of \(\$ 40,000\) at the time of sale. Recast the statement of cash flows above, assuming that Largay Corporation sold the equipment for cash in the following amounts (ignore income taxes):

a. \(\$ 10,000\)

b. \(\$ 12,000\)

c. \(\$ 8,000\)