Sale of Depreciable Assets Linwood Corporation purchased equipment for $300,000 on January 1, 1994, and used straight-line depreciation over a 10-year life. Estimated scrap value was $20,000. If Linwood sold the equipment for $88,000 on December 31, 2000, give the dollar amounts that would be reported in the cash flows from operations section and the investing section of Linwood’s 2000 cash flow statement and state whether they would be added or deducted.