The following selected account balances relate to the plant asset accounts of Raji Inc. at year-end.

_2014 _2013 Accumulated depreciation—buildings $337,500 $300,000 Accumulated depreciation—equipment 145,000 93,000 Buildings 750,000 750,000 Depreciation expense 101,500 85,500 Equipment 300,000 250,000 Land 100,000 70,000 Loss on disposal of plant assets 7,000 0 Additional information:

1. Raji purchased $90,000 of equipment and $30,000 of land for cash in 2014.

2. Raji also sold equipment in 2014.

3. Depreciation expense in 2014 was $37,500 on building and $64,000 on equipment.

Instructions

(a) Determine the amounts of any cash inflows or outflows related to the plant asset accounts in 2014.

(b) Indicate where each of the cash inflows or outflows identified in

(a) would be classified on the statement of cash flows.