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The following information was drawn from the year-end balance sheets of Mass Trading Company. Account Title Year 2 Year 1 Investment securities $ 33,500 $

The following information was drawn from the year-end balance sheets of Mass Trading Company.

Account Title Year 2 Year 1
Investment securities $ 33,500 $ 29,600
Equipment 218,000 219,500
Buildings 858,000 955,000
Land 81,000 52,000

Additional information regarding transactions occurring during Year 2:

1. Investment securities that had cost $6,000 were sold. The Year 2 income statement contained a loss on the sale of investment securities of $780. 2. Equipment with a cost of $59,000 was purchased. 3. The income statement showed a gain on the sale of equipment of $4,900. On the date of sale, accumulated depreciation on the equipment sold amounted to $8,400. 4. A building that had originally cost $166,000 was demolished. 5. Land that had cost $25,900 was sold for $21,000.

d. Determine the amount of cash flow from the sale of equipment during Year 2.

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